Question

Examine the table below showing the merchandising sales and answer the questions that follow.

Product Price Number of Sales
T-shirt £10 25
Key ring £5 30
Hoodie £25 40
CDs £15 30

What is the mean amount spent on merchandising?

What is the modal product?

Answer 1

The mean amount spent = £14.80

The modal product is hoodies.

Explanation:

Here

25 T shirts each costing £10 were purchased

Amount spent on T shirts = 25 × 10 = £250

30 key ring of £5 were purchased

Amount spent on key ring = 30 × 5 = £150

40 Hoodies for £25 each

Amount spent on Hoodies = 40 × 25 =£1000

30 CD's for £15 each

Amount spent on CD's = 30 ×15 = £450

Total amount spent = 250 +150 + 1000 + 450 = £1850

Total items purchased = 25 + 30 + 40 + 30 = 125

Mean amount spent =
`(1850)/(125)= 14.80`

The modal product is Hoodies as the maximum number of hoodies were purchased.