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

question 148

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:

Net Working Capital

Net working capital is the difference between a company's current assets and current liabilities, indicating short-term financial health and the ability to cover its short-term obligations.

Factoring Receivable

The process of selling accounts receivable to a third party at a discount to quickly generate cash.

Book Value

Book Value is the value of an asset according to its balance sheet account balance, calculated by subtracting liabilities from assets.

Inventory

The basic substances, products under manufacturing, and completed items that form part of a company's assets, which are available or will soon be available for purchase.