The Following Data Represent the Total Price, in Dollars, of 20

question 59

Multiple Choice

The following data represent the total price, in dollars, of 20 randomly-selected gasoline purchases at a certain convenience store. $$\begin{array} { l l l l l l l l l l } \hline 26.25 & 27.89 & 39.21 & 41.08 & 41.27 & 44.71 & 40.46 & 25.78 & 45.05 & 21.69 \\40.25 & 49.78 & 29.81 & 40.00 & 29.39 & 42.80 & 39.89 & 40.88 & 36.64 & 32.24 \\\hline\end{array}$$ Find the mean price for these purchases.

• A) $55.30
• B) $36.75
• C) $28.09
• D) $39.95

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Definitions:

Marketing Strategy

A comprehensive plan formulated to achieve specific goals through understanding customer needs and creating a competitive advantage.

Stakeholders

Individuals or groups that have an interest or stake in the operation and success of an organization.

Financial Ruin

A state of having lost a significant portion or all of one’s financial resources or assets, often leading to insolvency.

Trust

The confident belief in the reliability, truth, ability, or strength of someone or something, forming the foundation of relationships in social and business contexts.