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Monday, November 30, 2020

Statistics

 eCalculate the average (mean) number of muffins sold for each day of the week. Monday - 28 Tuesday - 30 Wednesday - 36 Thursday - 36 Friday - 30 What does it mean to “nearly sellout” each day? Only a little bit of cupcakes left or nearly finished... How many muffins should they make on weekdays vs weekend, so that they make maximum profit without wasting any leftover muffins? Explain your answer. 50 muffins on weekends 20 muffins on weekdays. Week days - 20 Week ends - 50 If it costs $4.45 to make a batch of 12 muffins, and each muffin sells for $4.50, how much profit would be made if 30 muffins were sold in one day?$135 If it costs $3.90 to make a batch of 12 muffins, and each muffin sells for $4, how much profit would be made if 25 muffins were sold in one day?$100 If it costs $5.50 to make a batch of 12 muffins, and each muffin sells for $5.00, how much profit would be made if 40 muffins were sold in one day?$200

  1. Calculate the average (mean) number of muffins sold for each day of the week. 

Monday - 28

Tuesday - 30

Wednesday - 36

Thursday - 36

Friday - 30

  1. What does it mean to “nearly sellout” each day? Only a little bit of cupcakes left or nearly finished...

  2. How many muffins should they make on weekdays vs weekend, so that they make maximum profit without wasting any leftover muffins? Explain your answer. 50 muffins on weekends 20 muffins on weekdays.

    1. Week days - 20

    2. Week ends - 50

  3. If it costs $4.45 to make a batch of 12 muffins, and each muffin sells for $4.50, how much profit would be made if 30 muffins were sold in one day?$135

  4. If it costs $3.90 to make a batch of 12 muffins, and each muffin sells for $4, how much profit would be made if 25 muffins were sold in one day?$100

  5. If it costs $5.50 to make a batch of 12 muffins, and each muffin sells for $5.00, how much profit would be made if 40 muffins were sold in one day?$200

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