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:

Market Demand

The total quantity of a product or service that all consumers in a market are willing and able to purchase at various prices.

Increases

This term refers to a situation where a quantity or quality of something goes up or becomes more.

Constant-Cost Industry

An industry where the costs of production do not change as the overall level of production increases or decreases.

Long-Run Supply

The total amount of a good or service that is available in the market over a long term, taking into account adjustments in production and entry or exit of firms.