A lab at the DeBakey Institute orders 150 rats a week for each of the 52 weeks in the year for experiments that the lab conducts. Suppose the mean cost of rats used in lab experiments turned out to be $20.00 per week. Interpret this value
a. Most of the weeks resulted in rat costs of $20.00
b. The median cost for the distribution of rat costs is $20.00
c. The expected or average costs for all weekly rat purchases is $20.00
d. The rat cost that occurs more often than any other is $20.00
C
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Answer the following statement true (T) or false (F)