Math Problem Statement
The products from a factory are sold in three price ranges. These are shown in the attached table.
Becky wants to estimate at what price the factory sold its products on average last month.
Her data is not complete. She knows the company sold 183 products last month, and she knows that 37 were classic products, 104 were regular products, and 42 were premium products.
Fill out the mean-frequency table to calculate the average price of a product sold by the factory last month.
Solution
To calculate the average price of a product sold by the factory last month using a mean-frequency table, we need to:
- Identify the price range for each category (classic, regular, and premium products).
- Calculate the midpoint of each price range (since Becky likely has incomplete data).
- Use the number of products sold in each category to calculate the total value and find the average price.
Please upload the table you referenced, and I'll fill it out with the necessary calculations for the average price.
Once you upload it, I’ll guide you through filling out the table and calculating the average.
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Math Problem Analysis
Mathematical Concepts
Statistics
Mean Calculation
Frequency Distribution
Formulas
Weighted Mean Formula: (Σ(frequency × midpoint)) / Σ(frequency)
Theorems
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Suitable Grade Level
Grades 8-10