To compare the quantity in survey A versus survey B, we need to calculate the quantity based on the cost per word and the variability given for each survey.
Quantity in survey A:
Cost per word = $0.50
Variability = 0.04
Quantity = Variability / Cost per word
Quantity = 0.04 / 0.50
Quantity = 0.08
Quantity in survey A = 0.08
Quantity in survey B:
Cost per word = $0.60
Variability = 0.06
Quantity = Variability / Cost per word
Quantity = 0.06 / 0.60
Quantity = 0.10
Quantity in survey B = 0.10
Therefore, survey B has a greater quantity compared to survey A.
A newspaper offers two types of survey options, A and B. Survey A costs $0.50 per word, and variability is 0.04. Survey B costs $0.60 per word, and variability is 0.06. Explore the difference in quantity in survey A versus the quantity in survey B. Which survey has a greater quantity?
1 answer
1 answer