Use the following information to answer questions 1 through 4. Best life includes one coupon in each box of its whole grain cereal that the company sells for $6.25 a box. In return for 5 coupons, the company gives away one jump rope, costing $1.10 each. From its own experience, the company estimates that 80 percent of the coupons will be redeemed. Data for 2007, 2008, and 2009 are as follows: 2007 2008 2009 Cereal boxes sold 3,400,000 3,200,000 3,350,000 Jump ropes purchased 400,000 424,000 425,000 Coupons redeemed 934,000 945,000 989,000
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Use the following information to answer questions 1 through 4. Best life includes one coupon in each box of its whole grain cereal that the company…
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