Question 1
The Michael Painting Company has purchased paint from several suppliers. The purchase price per gallon and the number of gallons purchased are shown below.
Supplier | Price Per Gallon ($) | Number of Gallons |
A | 23 | 700 |
B | 25 | 200 |
C | 29 | 100 |
D | 27 | 200 |
Compute the weighted average price per gallon.
Question 2
The number of hours worked per week for a sample of ten students is shown below.
Student | Hours |
1 | 20 |
2 | 0 |
3 | 18 |
4 | 16 |
5 | 22 |
6 | 40 |
7 | 8 |
8 | 6 |
9 | 30 |
10 | 40 |
a. | Determine the median and explain its meaning. |
b. | Compute the 70th percentile and explain its meaning. |
c. | What is the mode of the above data? What does it signify? |