A Lab Orders a Shipment of 100 Frogs Each Week $$\begin{array} { l | c c c } \text { Price } & \$ 10.00 & \$ 12.50 & \$ 15.00 \\\hline \text { Probability } & 0.3 & 0.45 & 0.25\end{array}$$

question 177

Multiple Choice

A lab orders a shipment of 100 frogs each week. Prices for the weekly shipments of frogs follow the distribution below: $$\begin{array} { l | c c c } \text { Price } & \$ 10.00 & \$ 12.50 & \$ 15.00 \\\hline \text { Probability } & 0.3 & 0.45 & 0.25\end{array}$$ Suppose the mean cost of the frogs is $12.38 per week. Interpret this value.

• A) The average cost for all weekly frog purchases is $12.38.
• B) The frog cost that occurs more often than any other is $12.38.
• C) The median cost for the distribution of frog costs is $12.38.
• D) Most of the weeks resulted in frog costs of $12.38.

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