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A Company CEO Asked the Marketing Research Department to Find

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A company CEO asked the marketing research department to find the average age of consumers who bought the most profitable product made by the company.From survey data gathered two years ago,the researchers found the following table.Calculate the average age to give to the CEO. A company CEO asked the marketing research department to find the average age of consumers who bought the most profitable product made by the company.From survey data gathered two years ago,the researchers found the following table.Calculate the average age to give to the CEO.


Definitions:

MTBF

Mean Time Between Failures, a reliability metric for products and systems that estimates the average time between operational failures.

System Reliability

The probability of a system or component performing its required functions under stated conditions for a specified period of time.

Parallel Components

Components that are designed to work alongside each other within a system, often to increase redundancy and reliability.

Cost Curves

Graphical representations that show how the cost of producing a good or service changes with changes in the production volume.

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