22. Comparative Shopping Searching online for the price of an item you would like to buy can...
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22. Comparative Shopping Searching online for the price of an item you would like to buy can save you quite a bit of money. A search for the best price for a white KitchenAid 5-speed hand mixer using yroo.com lists 16 sellers with various prices found in the following table
a. What is the average price of this hand mixer for these 16 sellers?
b. What is the median price for these 16 sellers?
c. As a consumer would you be interested in the average price of the hand mixer? The median price? What other descriptive measures would be important to you?
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Anurag Agrawal
I am a highly enthusiastic person who likes to explain concepts in simplified language. Be it in my job role as a manager of 4 people or when I used to take classes for specially able kids at our university. I did this continuously for 3 years and my god, that was so fulfilling. Sometimes I've skipped my own classes just to teach these kids and help them get their fair share of opportunities, which they would have missed out on. This was the key driver for me during that time. But since I've joined my job I wasn't able to make time for my passion of teaching due to hectic schedules. But now I've made a commitment to teach for at least an hour a day.
I am highly proficient in school level math and science and reasonably good for college level. In addition to this I am especially interested in courses related to finance and economics. In quest to learn I recently gave the CFA level 1 in Dec 19, hopefully I'll clear it. Finger's crossed :)
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Related Book For 
Introduction To Probability And Statistics
ISBN: 9780357114469
15th Edition
Authors: William Mendenhall Iii , Robert Beaver , Barbara Beaver
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