Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

SECTION A Answer ALL the questions in this section. [30 MARKS] Question 1 The following data represents the prices (in R) of 50 items purchased

SECTION A

Answer ALL the questions in this section.

[30 MARKS]

Question 1

The following data represents the prices (in R) of 50 items purchased by a shopper.

Price R Frequency
0.00 > 20.00 6
20.00 < 40.00 9
40.00 < 60.00 18
60.00 < 80.00 13
80.00 < 100.00 4

Determine the:

1.1 mean price (9 marks)

1.2 median price. (5 marks)

1.3 modal price (5 marks)

1.4 standard deviation (11 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions