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Chocolate Delights Company Manufactures Gourmet Chocolate Candy That It Sells

Question 138

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Chocolate Delights Company manufactures gourmet chocolate candy that it sells online. Chocolate Delights takes customer service very seriously and asks customers if they would like to complete a survey after each purchase. They have been in business for 5 years and experienced a good response when measured in terms of sales revenue. In their first year of operations, they successfully sold 1,050,000 boxes of chocolate containing different flavors at $20.00 per box. In subsequent years, the sales price per box remained constant at $20.00, but year-by-year, the company experienced a 6%, 5%, 8%, and 8% growth in the number of boxes sold per year compared to each previous year. Based on the information above, answer the following: (If necessary, round the number of units sold to whole units since they do not sell fractional chocolates.)
a. What is the average sales amount (in dollars) over the company's 5-year lifetime? What is their median sales value over the same span?
b. What year made up their largest percentage of the overall sales compared to every other year? Disregarding Year 1, what might explain that increase in sales?
c. If you were going to create a graph to display the results of their sales over the company's 5-year history, then what kind of graph would you create, and why? Create a version of the graph you just mentioned.

Correct Answer:

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a. Average sales were $23,827,624; and, ...

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