During one recent year, U.S. consumers redeemed 6.16 billion manufacturersʹ coupons and saved themselves $2.27 billion. Calculate and interpret the mean savings per coupon.
A)Half of all coupons were worth more than 271.4 cents in savings.
B)The average savings was $0.37 per coupon.
C)Half of all coupons were worth more than $0.37 in savings.
D)The average savings was 271.4 cents per coupon.

Question

Quizplus · Accepted Answer

The mean savings per coupon is calculated by dividing the total savings by the number of coupons redeemed: $2.27 billion / 6.16 billion coupons = $0.37 per coupon.

During One Recent Year, U