77 81 74 77 79 73 80 85 86 73
83 84 81 73 75 91 76 77 95 76
90 85 92 84 81 64 75 90 78 78
82 78 86 86 82 70 76 78 72 93
What is the mean score on this exam?
ANSWER:
Mean = 78.40, Median = 77.50
2. In February 2002 the Argentine peso lost 70% of its value compared to the United States dollar. This devaluation drastically raised the price of imported products. According to a survey conducted by AC Nielsen in April 2002, 68% of the consumers in Argentina were buying fewer products than before the devaluation, 24% were buying the same number of products, and 8% were buying more products. Furthermore, in a trend toward purchasing less-expensive brands, 88% indicated that they had changed the brands they purchased. Suppose the following complete set of results were reported. Use the following data to answer this question.
| |Number of Products Purchased | |
|Brands Purchased |Fewer |Same |More |Total |
|Same |10 |14 |24 |48 |
|Changed |262 |82 |8 |352 |
|Total |272 |96 |32 |400 |
What is the probability that a consumer selected at random purchased fewer products than before?
0.6800