Which of the following statements is true for the following data values: 17, 15, 16, 14, 17, 18, and 22?

A) The mean, median and mode are all equal.
B) Only the mean and median are equal.
C) Only the mean and mode are equal.
D) Only the median and mode are equal.

A

Business

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Companies normally develop product lines rather than a single product and introduce price steps such as a "low-," "average-," and "high-" priced computer system

Indicate whether the statement is true or false

Business

Which group determines a product's position relative to competing products?

A) manufacturers B) wholesalers C) retailers D) consumers E) suppliers

Business