A New Car with a $19,700 List Price Can Be

question 52

Multiple Choice

A new car with a $19,700 list price can be bought for different prices from different dealers. In one city the car can be bought for $18,900 from 2 dealers, for $17,500 from 1 dealer, for $17800 from 3 dealers, for $18,300 from 2 dealers, and for $18,200 from 2 dealers. What are the mean and standard deviation of this sample of car prices? Round your answer to two decimal places wherever applicable. ​

---

Definitions:

Producer

An individual or organization that creates or supplies goods or services.

Selling Agent

An individual or entity that represents sellers in transactions, responsible for finding buyers and negotiating sales on behalf of their clients.

Greeting Cards

Greeting Cards are illustrated pieces of card stock or high-quality paper featuring expressions of friendship or other sentiments, traditionally given on special occasions or as a form of thoughtful communication.

Product Strategy

The plan a business follows to make its product successful, including decisions on design, features, pricing, and target markets.