The Following Frequency Distribution Shows the GMAT Scores of a Sample

question 134

Short Answer

The following frequency distribution shows the GMAT scores of a sample of MBA students:
$\begin{array}{lc}\text { GMAT Score }&\text { Frequency }\\300 \mathrm{up} \text { to } 400 & 2 \\400 \mathrm{up} \text { to } 500 & 6 \\500 \mathrm{up} \text { to } 600 & 10 \\600 \mathrm{up} \text { to } 700 & 5 \\700 \mathrm{up} \text { to } 800 & 2\end{array}$ For the above data, compute the mean GMAT score.

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Definitions:

Merchantability

A guarantee that a product sold meets certain quality standards and is fit for the ordinary purposes for which such goods are used.

UCC

The Uniform Commercial Code represents a collection of statutes offering legal guidelines and regulations for commercial or business activities and transactions within the United States.

CISG

The treaty known as the United Nations Convention on Contracts for the International Sale of Goods sets a standardized law for international sales transactions.

Sales Contract

A legally binding agreement between a buyer and a seller detailing the terms and conditions of the sale of goods or services.