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

question 8

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 median carbohydrate amount in the cereal is_____ grams.

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Definitions:

Consumer Price Index

An indicator that calculates the weighted mean of the cost of a collection of consumer products and services, including transportation, food, and healthcare, employed to gauge inflation rates.

Inflation Rate

The enhancement of the overall price tag of goods and services in an economy throughout a specific period.

Consumer Price Index

A statistical estimate that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, calculated by taking price changes for each item in the predetermined basket of goods and averaging them.

Inflation Rate

The percentage increase in the price level of goods and services in an economy over a period of time, indicating the rate at which purchasing power is eroding.