During One Recent Year, U

question 66

Multiple Choice

During one recent year, U.S. consumers redeemed 6.79 billion manufacturers' coupons and saved themselves $2.56 billion. Calculate and interpret the mean savings per coupon.

• A) The average savings was $0.38 per coupon.
• B) The average savings was 265.2 cents per coupon.
• C) Half of all coupons were worth more than 265.2 cents in savings.
• D) Half of all coupons were worth more than $0.38 in savings.

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Definitions:

Toner Cartridge

A replaceable component of a laser printer that contains the toner powder used to form the printed text and images on paper.

Ordering Cost

Expenses incurred in placing an order for goods, including costs related to processing, handling, and transporting the order.

Storage Cost

The expenses associated with storing inventory or goods until they are sold or used, including warehousing, handling, insurance, and related costs.

Optimum Production Run

The most efficient quantity of goods to produce, balancing production and holding costs to minimize total costs.