Answer to Question #221578 in Statistics and Probability for Loly

Question

The following figuTheres shows the profit of a green grocer for the past five years: R36 000,R550 000,R200 000,R80 000,and R700 000.The arithmetic mean of the data is:

Answer 1

Arithmetic mean$=\frac {X_1+X_2+X_3+X_4+X_5} {n}$

Arithmetic Mean $=\frac {36,000+550,000+200,000+80,000+700,000}{5}$

Arithmetic Mean =$\frac {1,566,000}{5}$

Arithmetic Mean =$R313, 200$