PRACT. BUSINESS MATH PROC. (LOOSELEAF)
PRACT. BUSINESS MATH PROC. (LOOSELEAF)
12th Edition
ISBN: 9781259955358
Author: Slater
Publisher: MCG CUSTOM
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Chapter 22, Problem 1ECP
To determine

The mean for the given data and round it to the nearest hundredth.

Expert Solution & Answer
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Answer to Problem 1ECP

The mean is 7.75.

Explanation of Solution

Given:

The data set is 7, 8, 10, 6.

Formula used:

Formula for mean is given by,

Mean=Sum of all valuesNumber of values.

Calculation:

Obtain the mean as follows.

Mean=Sum of all valuesNumber of values=7+8+10+64=314=7.75

Therefore, the mean is 7.75.

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Chapter 22 Solutions

PRACT. BUSINESS MATH PROC. (LOOSELEAF)

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