Question 1
Solve the problem. Round monetary amounts to the nearest dollar.
Packages of a certain candy vary slightly in weight. Here are the measured weights of nine packages, in ounces:
a. Find the mean and the median of these weights.
b. Which, if any, of these weights would you consider to be an outlier?
c. What are the mean and median weights of the outlier is excluded?
Question 2
Solve the problem.
The federal government requires a car manufacturer to have a minimum miles per gallon (mpg) average over the models it makes. Suppose that the mpg's for the five models of a manufacturer are 19, 21, 22, 28, and 18, and the government requirement is 25 mpg. The last of the models is to be redesigned to meet the government requirement. What must the new mpg of this model be to meet the requirement?
◦ 26 mpg
◦ 25 mpg
◦ 42 mpg
◦ 17 mpg
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A government of Ontario 364-day T-bills with a face value of $50 000 were purchased on January ...
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