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Solved: Solve the following word problems for the unknown. Round decimals to hundredths

Contemporary Mathematics | 6th Edition | ISBN: 9780538481267 | Authors: Robert Brechner ISBN: 9780538481267 378

Solution for problem 44 Chapter 6

Contemporary Mathematics | 6th Edition

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Contemporary Mathematics | 6th Edition | ISBN: 9780538481267 | Authors: Robert Brechner

Contemporary Mathematics | 6th Edition

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Problem 44

Solve the following word problems for the unknown. Round decimals to hundredths and p ercents to the nearest tenth when necessary. Michael Reeves, an ice cream vendor, pays $17.50 for a five-gallon container of premium ice cream. From this quantity, he sells 80 scoops at $0.90 per scoop. If he sold smaller scoops, he could sell 98 scoops from the same container; however, he could charge only $0.80 per scoop. As his accountant, you are asked the following questions. a. If Michael switches to the smaller scoops, by how much will his profit per container go up or down? (Profit 5 Sales 2 Expenses)b. By what percent will the profit change? Round to the nearest tenth of a percent.

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Statistics: Chapter 3.1 1. Mean: average of a set of numbers a. (sum of all data values) / (number of values) b. Mean = (Σx) / (n) i. Let x be a quantitative variable with n measured data value from a population of n. c. Example: i. 10, 15, 20, 25….625 ii. (n+1) / 2 iii. “n” : position of the middle number (n odd) between the position of the two middle numbers ( n even ) iv. Mean: 1. Sample Mean = x = Σx / n (statistic) 2. Population Mean = μ = Σx / n (parameter) 2. Median: Middle data value (the central value of an order distribution) a. Median = (sum of the values / 2) b. Example: i. 10, 14, 20, 8, 10, 16, 30, 12 ii. Put these numbers in order iii. 8, 10, 10, 12, 14, 16, 20, 30 iv. Median = (12 + 14) / 2 = 13 3. Mode: Most frequent data value (data value with highest frequency) a. Example: AAA BBB CC i. Since both A and B occur most equally, there is no mode of the data 4. Detecing Skewness a. Symmetirical Distribution = mean ≈ median ≈ mode b. Left Skewed = mean < median < mode c. Right Skewed = mode < median < mean 5. Trimmed Mean a. 1, [1, 1, 1, 2, 2, 2, 3, 3, 3, 8, 9, 25, 26, 26, 26, 30, 50,] 100 b. n = 20

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Chapter 6, Problem 44 is Solved
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Textbook: Contemporary Mathematics
Edition: 6
Author: Robert Brechner
ISBN: 9780538481267

The answer to “Solve the following word problems for the unknown. Round decimals to hundredths and p ercents to the nearest tenth when necessary. Michael Reeves, an ice cream vendor, pays $17.50 for a five-gallon container of premium ice cream. From this quantity, he sells 80 scoops at $0.90 per scoop. If he sold smaller scoops, he could sell 98 scoops from the same container; however, he could charge only $0.80 per scoop. As his accountant, you are asked the following questions. a. If Michael switches to the smaller scoops, by how much will his profit per container go up or down? (Profit 5 Sales 2 Expenses)b. By what percent will the profit change? Round to the nearest tenth of a percent.” is broken down into a number of easy to follow steps, and 119 words. The full step-by-step solution to problem: 44 from chapter: 6 was answered by , our top Statistics solution expert on 03/13/18, 06:38PM. This textbook survival guide was created for the textbook: Contemporary Mathematics, edition: 6. Since the solution to 44 from 6 chapter was answered, more than 240 students have viewed the full step-by-step answer. Contemporary Mathematics was written by and is associated to the ISBN: 9780538481267. This full solution covers the following key subjects: . This expansive textbook survival guide covers 25 chapters, and 765 solutions.

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Solved: Solve the following word problems for the unknown. Round decimals to hundredths