The following data represents the prices (in R) of 50 items purchased by a shopper. Price (R) Frequency 0.00 20.00 20.00 40.00 40.00 60.00 60.00 80.00 80.00 < 100.00 Determine the: 1.1 1.2 1.3 1.4 mean price median price. modal price standard deviation 6 9 18 13 4
The following data represents the prices (in R) of 50 items purchased by a shopper. Price (R) Frequency 0.00 20.00 20.00 40.00 40.00 60.00 60.00 80.00 80.00 < 100.00 Determine the: 1.1 1.2 1.3 1.4 mean price median price. modal price standard deviation 6 9 18 13 4
Financial & Managerial Accounting
13th Edition
ISBN:9781285866307
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter6: Inventories
Section: Chapter Questions
Problem 7DQ: Using the following data, how should the inventory be valued under lower of cost or market? Original...
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Please assist with the attached, thanks.
![The following data represents the prices (in R) of 50 items purchased by a shopper.
Price (R)
Frequency
0.00 < 20.00
20.00 40.00
40.00 60.00
60.00 < 80.00
80.00 < 100.00
Determine the:
1.1
1.2
1.3
1.4
mean price
median price.
modal price
standard deviation
6
9
18
13
4](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc2c8664d-e566-492b-b955-e9a2cbb36ccf%2Fc737006f-2078-4dcd-9637-990426251903%2Fvaeccq6_processed.png&w=3840&q=75)
Transcribed Image Text:The following data represents the prices (in R) of 50 items purchased by a shopper.
Price (R)
Frequency
0.00 < 20.00
20.00 40.00
40.00 60.00
60.00 < 80.00
80.00 < 100.00
Determine the:
1.1
1.2
1.3
1.4
mean price
median price.
modal price
standard deviation
6
9
18
13
4
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