13. Darren claims an eatery and needs to decide his normal income over a long-term period. After all expenses were paid, his yearly pay was as per thefollowing:YearAmount= $7,150197019717,33519726,520%3D19736,60019746,60019757,02519767,810Total for 7 years= $49,040.Find his average yearly income.

Average yearly income is calculated by summing the yearly incomes of all the years and dividing the…

13. Darren claims an eatery and needs to decide his normal income over a long- term period. After all expenses were paid, his yearly pay was as per the following: Year Amount 1970 = $7,150 %3D 1971 7,335 1972 6,520 %3D 1973 6,600 1974 6,600 %3D 1975 7,025 1976 7,810 Total for 7 years $49,040. %3D Find his average yearly income.

13. Darren claims an eatery and needs to decide his normal income over a long- term period. After all expenses were paid, his yearly pay was as per the following: Year Amount 1970 = $7,150 %3D 1971 7,335 1972 6,520 %3D 1973 6,600 1974 6,600 %3D 1975 7,025 1976 7,810 Total for 7 years $49,040. %3D Find his average yearly income.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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