Question
Advertising expenses are a significant component of the cost of goods sold. Listed below is a frequency distribution showing the advertising expenditures for 50 manufacturing
Advertising expenses are a significant component of the cost of goods sold. Listed below is a frequency distribution showing the advertising expenditures for 50 manufacturing companies. Estimate the mean, median, and standard deviation of advertising expense. (Round the final answers to 2 decimal places.)
Advertising Expenditure ($ millions) | Number of companies |
$25 to under $35 | 5 |
35 to under 45 | 9 |
45 to under 55 | 16 |
55 to under 65 | 11 |
65 to under 75 | 9 |
Total | 50 |
Mean ?
Median ?
Standard deviation ?
Determine the mean, median, and standard deviation of the following frequency distribution: (Round the final answers to 2 decimal places.)
Class | Frequency |
0 to under 5 | 4 |
5 to under 10 | 5 |
10 to under 15 | 14 |
15 to under 20 | 5 |
20 to under 25 | 4 |
Mean
Median
Standard deviation
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