TABLE 3-3 The Ordered Array Below Represents the Number of Vitamin Supplements

question 59

Short Answer

TABLE 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 Table 3-3, the variance of the number of vitamin supplements sold in this sample is ________.

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Definitions:

Marketable Securities

Financial instruments that can easily be converted to cash due to their high demand and short maturity period.

Lockbox System

A service offered by banks to companies for the receipt of payment from customers, under which payments are sent directly to a location accessible by the bank.

Processing Float

The time difference between when a transaction is initiated and when the funds are available in the account, affecting the usable balance.

Commercial Paper

Commercial paper refers to short-term, unsecured promissory notes issued by companies to finance their short-term liabilities.