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

question 111

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 coefficient of variation of the carbohydrate amounts is_____percent.

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Definitions:

Tying

A sales practice where one product is sold or leased only on the condition of buying another product or agreeing to terms that are not initially disclosed.

Controversial

Causing debate or disagreement, often due to differing opinions or values.

Oligopoly

A market structure in which a few firms dominate, often resulting in reduced competition.

Collude

When firms work together, often in secret, to fix prices, limit production, or divide markets, in order to increase profits by reducing competition.