To determine whether the $1.30 price of the 14-ounce bottle is too high, too low, or correct compared to the unit price of 9.5 cents per ounce, we can calculate the expected price of the 14-ounce bottle based on the unit price.
-
Calculate the expected price for the 14-ounce bottle using the unit price:
- Unit price = 9.5 cents per ounce
- Price for 14 ounces = 14 ounces × 9.5 cents/ounce = 133 cents = $1.33
-
Compare this expected price to the actual price of the bottle:
- The actual price of the bottle is $1.30.
Since $1.30 is less than $1.33, we can conclude that the price of the 14-ounce bottle is too low compared to the unit price.
So the answer is: is too low.