Find the Mean of the Set of Sample Data

question 81

Multiple Choice

Find the mean of the set of sample data. ​
58, 62, 90, 82, 76, 60, 90
​

• A)76
• B)74
• C)32
• D)82
• E)90

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Definitions:

Price Floor

A government- or authority-imposed minimum price that can be charged for a good or service, intended to prevent prices from falling too low.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers matches the quantity supplied by producers, resulting in no surplus or shortage.

Market Price

The actual selling price of a good or service in the market at which it can be bought or sold.

Surplus

The amount by which quantity supplied exceeds quantity demanded, often resulting in excess goods and a decrease in prices.