Question

The monthly sales (rounded to the nearest N$ 0000s) for the 2021/2022 financial year for a sample of Small Medium Enterprises (SMEs) operating in the manufacturing industry are given in the table below: Monthly sales (N$ 0000s) Number of SMEs [10 – 19] 15 [20 – 29] 20 [30 – 39] 16 [40 – 49] 9 Required: How many SMEs recorded monthly sales more than N$ 390 000?

Answer 1

To calculate the number of Small Medium Enterprises (SMEs) that recorded monthly sales more than N$ 390,000, we need to add up the number of SMEs in each sales range above N$ 390,000. The calculated total number of SMEs is 9.

Step-by-step explanation:

To find out how many SMEs recorded monthly sales more than N$ 390,000, we need to add up the number of SMEs in each sales range above N$ 390,000. According to the given table, the sales ranges include: [40 - 49], [50 - 59], [60 - 69], etc. To calculate the total number of SMEs, we need to add up the numbers of SMEs in each sales range above N$ 390,000:

• [40 - 49] = 9 SMEs
• [50 - 59] = 0 SMEs (since there are no SMEs in this sales range)
• [60 - 69] = 0 SMEs
• [70 - 79] = 0 SMEs
• ...

The total number of SMEs that recorded monthly sales more than N$ 390,000 is 9 SMEs.