SCENARIO 3-3 The Ordered Array Below Represents the Number of Vitamin Supplements

question 146

Short Answer

SCENARIO 3-3
The ordered array below represents the number of vitamin supplements sold by a health food store in
a sample of 16 days.
19, 19, 20, 20, 22, 23, 25, 26, 27, 30, 33, 34, 35, 36, 38, 41
Note: For this sample, the sum of the values is 448, and the sum of the squared differences between
each value and the mean is 812.
-Referring to Scenario 3-2,the five-number summary of the carbohydrate amounts consists of
_____,_____,_____,_____,_____.

---

Definitions:

Value Creation

The process by which goods or services are provided that offer value to customers, thereby generating benefit to the producer or provider.

Comparative Advantage

a principle of economics that states a country or entity should produce goods and services for which it has a lower opportunity cost than its trade partners.

Specialization

involves focusing on a narrow range of products or services to gain efficiency and improve competitive advantage.

Exchange

The act of giving one item in return for another, often seen in finance and trade as the swapping of goods, services, or financial instruments.