ii) The marketing manager is also reviewing past monthly sales ($000) and has used Excel to create
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ii)The marketing manager is also reviewing past monthly sales ($000) and has used Excel to create the following data summaries, based on a random sample of data:
The marketing manager has asked you to state the BEST measure of centre for this data set, by giving the VALUE (with units) and BRIEFLY EXPLAIN your choice.
iii)Furthermore, the marketing manager has estimated the following probabilities: P(High sugar cereal) = 0.8, P(High protein cereal) = 0.5, P(High sugar and high protein) = 0.4. What is the value of P(High sugar given high protein)?
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