Question

A lab at the DeBakey Institute orders 150 rats a week for each of the 52 weeks in the year for experiments that the lab conducts. Suppose the mean cost of rats used in lab experiments turned out to be $20.00 per week. Interpret this value. a. The median cost for the distribution of rat costs is $20.00 b. The expected or average costs for all weekly rat purchases is $20.00 c. Most of the weeks resulted in rat costs of $20.00 d. The rat cost that occurs more often than any other is $20.00 g

Answer 1

The expected or average costs for all weekly rat purchases is $20.00

Explanation:

A lab at the DeBakey Institute orders 150 rats a week for each of the 52 weeks in the year for experiments that the lab conducts.

Suppose the mean cost of rats used in lab experiments turned out to be $20.00 per week.

Means means average. We can say that the average cost is $20 per week, that will give $20 as an average for the year.

Hence, the answer is : The expected or average costs for all weekly rat purchases is $20.00