• Card 24 / 180: You are in charge of monitoring your electronics company's online reviews (on major online shopping websites) for its newest smart phone, which has been sold in limited quantities to determine the phone's quality. You gather the most recent user ratings out of 10 for the phone which are: 3, 6, 1, 9, 2, 3, 4, 10, 5, and 4. To determine whether to continue selling the smart phone, you want to make sure it has a mean above 5. Should your company go forward with the production of the product?
    A) The mean is 5.9, so the company should move forward with production.
    B) The mean is 4.7, so the company should not move forward with production.
    C) The mean is 5.2, so the company should move forward with production.
    D) The mean is 3.6, so the company should not move forward with production.

    Answer:
    B) The mean is 4.7, so the company should not move forward with production.

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Business Statistics

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Attribution:  David T. Bourgeois, PhD; Bharatendra K. Rai, PhD. Business Statistics. The Saylor Academy 2014, http://www.saylor.org/courses/bus204/
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