Instruction 3-4 The Ordered Array Below Represents the Number of Cargo Manifests

question 27

Short Answer

Instruction 3-4
The ordered array below represents the number of cargo manifests approved by customs inspectors at the Port
of Brisbane in a sample of 35 days.
16, 17, 18, 18, 19, 20, 20, 21, 21, 21, 22, 22, 22, 22, 23, 23, 23, 23, 24, 24, 24, 25, 25, 26, 26, 26, 27, 28, 28, 29, 29, 31, 31, 32, 32
Note: For this sample, the sum of the observations is 838, the sum of the squares of the observations is 20,684, and the sum of the squared differences between each observation and the mean is 619.89.
-Referring to Instruction 3-4,the arithmetic mean of the customs data is_____________ .

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Definitions:

Alternative Technologies

Refers to the different methods, tools, or systems that can be used as substitutes to achieve the same goal or perform the same function in a process.

Hourly Price

The cost associated with purchasing a good or service for each hour it is used or consumed.

Production Technology

The methods, equipment, and processes used to produce goods and services.

Economic Profit

The split between total financial receipts and overall disbursements, considering both direct and hidden expenses.