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Data Were Obtained for the Weight in Grams, of a Sample

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Data were obtained for the weight in grams, of a sample of 10 packets of sweetener, as found in cafés. 4.555.95.45.54.74.94.74.74.6\begin{array} { | l | l | l | l | l | l | l | l | l | l | } \hline 4.5 & 5 & 5.9 & 5.4 & 5.5 & 4.7 & 4.9 & 4.7 & 4.7 & 4.6 \\\hline\end{array} Find the mean, median and mode weight packet of sweetener and explain which is best measure of central location.


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Marketing Role

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Oligopoly

A market structure characterized by a small number of firms controlling a large share of the market, leading to limited competition.

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