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. ​

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Definitions:

Voting Scheme

A system or method used to facilitate and process votes, typically within the context of elections, decision-making processes, or preference assessments.

Logrolling

The practice of exchanging favors, especially in politics, by reciprocal voting for each other's proposed legislation.

Private Sector

The part of the economy owned and operated by individuals and corporations for profit, as opposed to being controlled by the government.

Public Sector

The part of the economy composed of both public services and public enterprises, funded and operated by the government.