During one recent year, U.S. consumers redeemed 6.52 billion manufacturers' coupons and saved themselves $2.16 billion. Calculate and interpret the mean savings per coupon.
A) Half of all coupons were worth more than 301.9 cents in savings.
B) The average savings was $0.33 per coupon.
C) Half of all coupons were worth more than $0.33 in savings.
D) The average savings was 301.9 cents per coupon.

Question

Quizplus · Accepted Answer

The mean savings per coupon is calculated by dividing the total savings by the total number of coupons redeemed: $2.16 billion / 6.52 billion coupons = $0.33 per coupon.

During One Recent Year, U