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
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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