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

question 161

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 3-3,the variance of the number of vitamin supplements sold in this sample is_____ .

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Definitions:

Capitalist Countries

Nations whose economic systems are characterized by private ownership of property and businesses, with the goal of generating profit.

Command-based Systems

Systems, particularly in computing or governance, where actions and processes are directed through explicit commands from a central authority.

Market-based Systems

Economic systems where decisions regarding investment, production, and distribution are based on supply and demand, and prices are determined in free markets.

Personal Wealth

Refers to the total value of all assets (such as money, investments, real estate) minus liabilities, owned by an individual or household.