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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Question

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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

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