Suppose that the average price of a piece of jewelry at Henry's Jewelers is $200, and...
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Suppose that the average price of a piece of jewelry at Henry's Jewelers is $200, and Mr. Smith wants to spend approximately that much for his wife's birthday gift. Under what circumstances can Mr. Smith be reasonably assured of a selection of jewelry in his price range? Select one: a. The average is a mean. b. The jeweler has a reputation for selling quality merchandise. c. The pieces of jewelry are reasonably priced. d. The average is a median. e. The average is a modal average. Suppose that the average price of a piece of jewelry at Henry's Jewelers is $200, and Mr. Smith wants to spend approximately that much for his wife's birthday gift. Under what circumstances can Mr. Smith be reasonably assured of a selection of jewelry in his price range? Select one: a. The average is a mean. b. The jeweler has a reputation for selling quality merchandise. c. The pieces of jewelry are reasonably priced. d. The average is a median. e. The average is a modal average.
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d The average is median Mr Smith can be reasonably assured ... View the full answer
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