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Explain what a store owner might learn by doing a stem-and-leaf plot of the prices of items in her store?
The most important thing that the store owner should learn is that a stem and leaf plot is a huge waste of time in her circumstances. She ought to learn that using some fancy statistical technique may not always be appropriate. There are other methods that are far more useful.
A stem-and-leaf plot will tell her the range of prices of the goods that she sells, along with median and percentiles, etc. but what use is that information to a storekeeper? They may want to know what lines are selling well, which ones are not moving at all. Even more important, they may want to know how the high-profit-margin lines are doing.
Alternatively, she may wish to compare her prices with her competition, but that is useful only if she can compare prices of the same (or similar) goods. A stem-and-leaf plot does not identify the individual product lines and so she would not be able to undertake such a comparison.
All in all, I cannot see a single reason for a stem-and-leaf plot - other than to give her school-age child something to do!
What else can I help you with?
What is matrix in maths?
It is a table of items, usually numbers. For example, you might consider the prices of several items in a shop. Put these in a column. Then for the same items in a different shop, another column alongside the first. And several shops. You finish up with an array of prices. That is an example of a matrix.
What are the fixed base index numbers?
in this a normal year of the recent past is taken as the basse year n the prices of current year are compared with the prices of the same items of base year.
You wish to mentally estimate the total cost of items that have the following prices 1.85 98 3.49 9.78 and 6.18 Rounding off the items to the nearest half-dollar your estimate of the total is?
What are optional item and explain 3 of them?
Optional item are items that enhances the performance of a computer. Examples are mouse, camera, etc
How do you find prices of garden items on the internet?
Answer Go to search, type in the store name that you want to buy from and hope they have a web site. All prices should be there. I hear that e-bay sells most anything, you could always try there.
What are the current prices for items with apostrophe prices?
The current prices for items with apostrophe prices vary depending on the product and location.
What are dual price items?
dual price items are items with 2 prices
What does it mean when stores drop prices on items then raise prices on other items?
It means they keep making the same overall profit.
What are the prices of items in 1940s compared to the prices of items in 2011?
In 2011, it would take $1,249.67 to buy the same amount as $100.00 bought in 1945.
what is the asking price for either laptops?
what are the prices on the laptops. Please show a list of prices on these items.
What is a list of items with prices or other details?
catalogues
How do changes in supply affect prices?
When supply is plentiful, prices fall, when items are scarce, the price rises.
How can you explain menu items before customers?
Describe it.
How do you price used appliances?
have a look at the prices for similar items on the open market and you should get an idea what your items are worth.
Who are people who buy items at low prices that hope the value will rise and they can sell the items for a profit?
Speculators
Selling scarce items at unreasonably high prices?
profeteering
What are the main features of eBay?
To buy and sell items at reasonable prices
