TABLE 3-4 The Ordered Array Below Represents the Number of Cargo Manifests

question 146

Short Answer

TABLE 3-4
The ordered array below represents the number of cargo manifests approved by customs inspectors of the Port of New York in a sample of 35 days:
16, 17, 18, 18, 19, 20, 20, 21, 21, 21, 22, 22, 22, 22, 23, 23, 23, 23, 24, 24, 24, 25, 25, 26, 26, 26, 27, 28, 28, 29, 29, 31, 31, 32, 32
Note: For this sample, the sum of the values is 838, and the sum of the squared differences between each value and the mean is 619.89.
-Referring to Table 3-4, the arithmetic mean of the customs data is ________.

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Definitions:

Debit Balance

A balance occurring when the sum of debits in an account exceeds the sum of credits.

Credits

Accounting entries that can either decrease assets or increase liabilities and equity on a company's balance sheet.

Debits

In accounting, an entry recorded on the left side of a double-entry bookkeeping system that increases an asset or expense account, or decreases equity, liability, or revenue accounts.

Debit

A debit is a bookkeeping entry that leads to an increase in a company's assets or expenses or a reduction in its liabilities or equity on the balance sheet.