The Manager of the Edgewater Cafe Takes a Reading of the Cash

question 133

Multiple Choice

The manager of the Edgewater Cafe takes a reading of the cash register tape each hour. At 2:00 P.M. the tape read $913.93. At 3:00 P.M. the tape read $1354.42. Find the amount of sales between 2:00 P.M. and 3:00 P.M.

• A) $441.50
• B) $440.49
• C) $560.49
• D) $450.59
• E) $450.50

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Definitions:

Covariance

A measure of how much two random variables change together.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values; quantifies how much the values of a dataset deviate from the mean.

Interquartile Range

A measure of statistical dispersion, which is the difference between the first and third quartiles in a dataset, showing the spread of the middle 50% of values.

Closing Stock Price

The last price at which a stock is traded on a particular trading day, representing the final market valuation of the stock for that day.