A New Car with a $19,700 List Price Can Be

question 37

Multiple Choice

A new car with a $19,700 list price can be bought for different prices from different dealers. In one city the car can be bought for $18,900 from 2 dealers, for $17,500 from 1 dealer, for $17800 from 3 dealers, for $18,300 from 2 dealers, and for $18,200 from 2 dealers. What are the mean and standard deviation of this sample of car prices? Round your answer to two decimal places wherever applicable. ​

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Definitions:

Time-Consuming

Requiring a significant amount of time to complete, often more than what is considered desirable or efficient.

Costly

Involving great expense; something that requires a high amount of money or resources.

Specific Firm

Refers to a particular company or business entity mentioned or focused upon in a discussion.

Intelligent Enterprise

A business that leverages the latest technologies and data insights to improve decision-making, operations, and customer experiences.