What Is the Mean for the Following Set of Scores

question 21

Multiple Choice

What is the mean for the following set of scores: 20,24,26,22,18,16,18?

• A)18
• B)24
• C)20.57
• D)14.57

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Definitions:

Private Property

Refers to land, buildings, or possessions owned by individuals or entities and not by the government or public organizations.

Economic Systems

The structured and organized methods by which societies allocate resources, distribute goods and services, and manage economic activity.

Factors of Production

are the inputs necessary for the creation of goods and services, which typically include land, labor, capital, and entrepreneurship.

Economic Function

The role or purpose that an economic activity serves in the broader economy, contributing to overall economic performance.