A Sample of 25 Families Was Asked How Many Pets

question 3

Essay

A sample of 25 families was asked how many pets they owned. Their responses are summarized in the following table. $$\begin{array} { | l | r | r | r | r | r | r | } \text { Number of pets } & 0 & 1 & 2 & 3 & 4 & 5 \\\hline \text { Number of families } & 3 & 10 & 5 & 4 & 2 & 1 \\\hline\end{array}$$ a. Determine the mean, the median and the mode of the number of pets owned per family.
b. Describe briefly what each statistic in part (a) tells you about the data.

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Definitions:

Conversion Costs

The sum of labor costs and manufacturing overhead costs required to convert raw materials into finished products.

Factory Overhead

Indirect manufacturing costs that cannot be directly attributed to specific units produced, such as maintenance, utilities, and salaried personnel expenses.

Direct Labor

The expenditure on the pay of staff who are directly participating in the creation of products or services.

Factory Overhead Cost

Expenses related to the production process that are not directly tied to a specific product, including costs for utilities, maintenance, and factory equipment depreciation.