The Following Stem-And-Leaf Display Reports the Number of Boats Shipped

question 52

Short Answer

The following stem-and-leaf display reports the number of boats shipped per week by Ottertail Boats, Inc.
11| 1 5 9
12| 0 1 2 2 6 9
13| 0 1 2 3 4 5 5 7 8 8 9
14| 2 6 8
15| 0 1 2 4 5 7 8 9
16| 1 5 7 9
How many observations are in the third class?

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Definitions:

Total Product

The total amount of output that a firm produces, usually measured over a certain time period, using all available inputs.

Total Costs

The sum of all expenses a company incurs to produce its goods or services, including fixed and variable costs.

Average Variable Costs

The total variable costs of production divided by the quantity of output produced.