Sugar Costs $1

question 3

Multiple Choice

Sugar costs $1.55 per pound, and lemons cost $0.47 each.You sell lemonade for $1.35 per glass.Write S for the pounds of sugar used, L for the number of lemons used, G for the number of glasses of lemonade you sell, and P for the profit, in dollars, you make.Express using a formula your profit in terms of pounds of sugar used, number of lemons used, and number of glasses of lemonade sold. ​

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Definitions:

Descriptive Techniques

Statistical methods used to describe the basic features of data in a study, providing simple summaries about the sample.

Inferential Techniques

Statistical methods used to make predictions or inferences about a population based on a sample of data from that population.

Population

The entire group of individuals or items of interest from which a sample may be drawn for a study.

Ordinal Data

Data that represent categories with a meaningful order or ranking, but where the intervals between categories are not necessarily equal.