Compare and Contrast Methods of Summarizing and Describing Data
Use

question 3

Multiple Choice

Compare and contrast methods of summarizing and describing data
Use the table below to answer the following question(s) .
Below is a table showing the costs per order of items bought by a computer hardware store. $$\begin{array} { | l | l | l | } \hline \text { Supplier } & \text { Item Description } & \text { Cost per Order } \\\hline \text { Aloham Technologies } & \text { Monitors } & \$ 250 \\\hline \text { Aloham Technologies } & \text { Hard Disks } & \$ 220 \\\hline \text { Aloham Technologies } & \text { Power Supply } & \$ 88 \\\hline \text { Aloham Technologies } & \text { Graphics Card } & \$ 300 \\\hline \text { Aloham Technologies } & \text { Processor } & \$ 325 \\\hline \text { Aloham Technologies } & \text { Speakers } & \$ 88 \\\hline \text { MindRoot Hardwares } & \text { Flashdrive } & \$ 9 \\\hline \text { MindRoot Hardwares } & \text { Graphics Card } & \$ 299 \\\hline \text { MindRoot Hardwares } & \text { CD-ROM } & \$ 88 \\\hline \text { MindRoot Hardwares } & \text { Bluetooth Device } & \$ 80 \\\hline\end{array}$$
-Calculate the median for the cost per order data.

• A) $325
• B) $154
• C) $174.17
• D) $88

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Definitions:

Discretionary Income

The money that remains after paying for taxes and necessities.

Disposable Income

The money a consumer has left after paying taxes to use for necessities such as food, housing, clothing, and transportation.

Market Segmentation

The strategy of dividing a broad target market into subsets of consumers with common needs or characteristics, targeting each with a specific marketing mix.

Organizational Markets

Markets consisting of companies, governments, and institutions that purchase goods and services for operations, production, or resale purposes.