A bakery recorded the number of muffins and bagels it sold for a seven day period. For the data presented, what does the value o
1 answer:
Answer:
Mean of bagel
Step-by-step explanation:
Working out each of the statically summaries Given in the option :
Mean of muffin :
Mean = Σx / n
n = sample size
(61 + 20 + 32 + 58 + 62 + 61 + 56) / 7
= 350 / 7
= 50
Mean of bagel :
Mean = Σx / n
n = sample size
(34 + 45 + 43 + 42 + 46 + 72 + 75) / 7
= 357 / 7
= 51
Hence, from the result obtained, we could see that the value of 51 summarizes the mean of bagel.
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Mr. and Mrs. Bailey need to invest $2906.50 so as to send their son to college.
<h3>Compound interest</h3>Compound interest is given by:
where A is the amount after t years, P is initial amount, r is the rate and n is the times compounded per period
Given that n = 1, r = 9% = 0.09, A = $7500 t = 11. Hence:
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