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12. Last Monday, a certain store sold 17 wrenches at [tex]x[/tex] dollars each. Last Tuesday, the store reduced its prices and sold an additional 8 wrenches at [tex]0.5x[/tex] dollars each. Which of the following is equal to the average (arithmetic mean) price, in dollars, of the 25 wrenches that the store sold last Monday and Tuesday?

A. [tex]0.68x[/tex]
B. [tex]0.73x[/tex]
C. [tex]0.76x[/tex]
D. [tex]0.81x[/tex]
E. [tex]0.84x[/tex]

13. In a distribution of 8,500 different measurements of the variable [tex]x[/tex], 26.5 is the 56th percentile, and 37.1 is the 78th percentile. Which of the following is closest to the number of measurements of [tex]r[/tex] that are in the distribution such that [tex]26.5 \leq x \leq 37.1[/tex]?

A. 1,850
B. 2,200
C. 3,500
D. 4,750
E. 6,650

Answer :

The average price of the wrenches sold on Monday and Tuesday is 0.84x. The number of measurements of r in the distribution such that 26.5 ≤ x ≤ 37.1 is approximately 1,850.

For the first problem, the total money obtained from selling the wrenches on Monday and Tuesday can be computed as 17x + 8(0.5x) which simplifies to 21x dollars. The average price of the 25 wrenches will be the total price divided by the number of wrenches sold, which is 21x/25 = 0.84x. So, the correct answer is E.0.84x.

For the second problem, the difference between the 78th and 56th percentiles represents 22% of the measurements in the distribution. So, the number of measurements of r that are in the distribution such that 26.5 ≤ x ≤ 37.1 can be obtained by multiplying 0.22 by the total number of measurements, 8500. This gives us 1870. So, the answer closest to this is A. 1,850.

Learn more about Average and Percentiles here:

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