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Determine the new arithmetic average price

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A sales consultant found the arithmetic average price charged for a three litre bottle of Parmalat milk was 376.9 cents when surveying 19 stores. An additional two stores were then surveyed, with the retail prices being found to be $3.7 and $3.96. Determine the new arithmetic average price charged for a three litre bottle of milk for the full sample (price to be in cents, correct to one decimal place).

Reference no: EM132253348

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