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Real World Word Problems
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  1. In July, a local Remax Office sold 10 homes at the following prices: $140,000; $180,000; $90,000; $98,000; $185,000; $150,000; $108,000; $114,000; $142,000; and $250,000. Calculate the mean and median.

  2. Sears Hardware Store counted the number of customers entering the store for a week. The results were 1,800; 650; 1,800; 1,700; 880; 920; and 1,210. What is the mode?

  3. This semester Lee Win took four 3-credit courses at North Shore Community College. She received a B in accounting and C's in history, psychology, and algebra. What is her cumulative grade-point average (assume A = 4 and C =2) to the nearest hundredth?

  4. Lee's Sub Shop reported the following sales for the first 20 days of June.

    $700$100$600$400$600
    300600300500700
    200600200500200
    100600100700700

    Prepare a frequency distribution for Lee.

  5. The Los Angeles Times reported on the market share of record companies. The latest weekly market shares are based on current albums sold. This is an indicator of music-company performance. Market shares were: Universal, 31.4%; WEA, 18.2%; Sony, 15.0%; BMG, 12.0%; EMD, 8.2%; and others, 15.2%. From this information, construct a circle graph of these market shares.

  6. What are the mean and mode for the following airlines?

    AirlinePrice AirlinePrice
    America West$161 Alaska Air$279
    Continental199 Southwest116
    American214 TWA193
    US Airways214 Northwest203
    United258   

  7. What is the median energy cost of the following refrigerators?

     Energy cost
    Brand and model(per year)
    Whirlpool$78
    Kenmore  84
    GE Profile  84
    GE TBX18ZAX  70
    Frigidaire  74

  8. Your Money reported on the value of a $1,000 investment made 1 year ago.

     How the
     Investments
    Investmentfared
    Blue-chip stocks$1,381.00
    Growth mutual funds1,362.20
    Small-company stocks1,279.50
    International funds1,222.80
    Long-term treasury bonds1,125.90
    High-quality corporate bonds1,105.70
    One-year CD1,051.20

    What was the mean of how these stocks fared? Round to the nearest hundredth.

  9. Advertising Age reported on the top 10 multichannel Internet retailers ranked by visitors. From the following information , find the mean and median visits:

    1. ticketmaster.com4,824,0006. hp.com3,347,000
    2. barnesandnoble.com4,509,0007. mcafee.com3,331,000
    3. dell.com4,050,0008. intuit.com2,993,000
    4. hallmark.com3,683,0009. sears.com2,959,000
    5. apple.com3,588,00010. bluelight.com2,823,000

  10. Industry Week/IW reported on the latest yields. United States interest rates were compared to European Union rates. From the following information, prepare a line graph comparing the United States and European Union:

     Latest3 months ago6 months ago12 months ago
    USA6.59%6.75%6.50%6.20%
    European Union5.565.305.405.50







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