The Following Are the Dollar Amounts of Traffic Fines Collected

question 257

Multiple Choice

The following are the dollar amounts of traffic fines collected in a city throughout one day. Make a frequency distribution and use it to find the mean amount of the fines. Please round your answer to the nearest integer. $16, $26, $46, $16, $71, $99, $46, $60, $71, $89, $16, $16, $46, $60, $99, $89, $60, $46, $16, $26, $16, $71, $46, $60, $26, $26, $99, $26, $60, $46, $16, $26, $71, $16

• A) Fines ($) Frequency
• 16        7
• 26        6
• 46        6
• 60        5
• 71        4
• 89        2
• 99        3
• Mean = $46
• B) Fines ($) Frequency
• 16        8
• 26        6
• 46        6
• 60        5
• 71        4
• 89        2
• 99        3
• Mean = $48
• C) Fines ($) Frequency
• 16        8
• 26        6
• 46        6
• 60        5
• 71        4
• 89        2
• 99        3
• Mean = $46
• D) Fines ($) Frequency
• 16        7
• 26        6
• 46        6
• 60        5
• 71        4
• 89        2
• 99        3
• Mean = $48
• E) Fines ($) Frequency
• 16        8
• 26        6
• 46        6
• 60        5
• 71        4
• 89        2
• 99 3
• Mean = $47

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Definitions:

Price Promotion

A marketing strategy that temporarily reduces the price of a product or service to stimulate consumer purchasing.

Low Demand

A situation where the desire and need for certain products or services are beneath expectations, often leading to surplus inventory and reduced sales.

Slow Period

Times of low activity or demand in a business or industry, often marked by reduced sales or production.

Supply Chain

The entire system of producing and delivering a product or service, from the supplier of raw materials to the end user.