Suppose that the average price of a piece of jewelry at Henry's Jewelers is $200, and Mr. Smith wants to spend approximately that much for his wife's birthday gift. Under what circumstances can Mr. Smith be reasonably assured of a selection of jewelry in his price range?
A) The average is a mean.
B) The jeweler has a reputation for selling quality merchandise.
C) The average is a modal average.
D) The average is a median.
E) The pieces of jewelry are reasonably priced.

Question

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The Answer of Suppose that the average price of a piece of jewelry at Henry's Jewelers is $200, and Mr. Smith wants to spend approximately that much for his wife's birthday gift. Under what circumstances can Mr. Smith be reasonably assured of a selection of jewelry in his price range?
A) The average is a mean.
B) The jeweler has a reputation for selling quality merchandise.
C) The average is a modal average.
D) The average is a median.
E) The pieces of jewelry are reasonably priced.

Suppose That the Average Price of a Piece of Jewelry