Find the Mean for the Following Data Set

question 40

Multiple Choice

Find the mean for the following data set:
16   16   26   23   31

• A)15
• B)22.4
• C)16
• D)23

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Definitions:

Producer Surplus

The difference between what producers are willing to accept for a good or service and the actual price they receive.

Tax

A required financial contribution or alternative type of tax enforced on a taxpayer by a governing body to support government expenditure and assorted public outlays.

Tax Revenue

Money earned by governments through taxation, intended for the financing of public amenities and meeting governmental commitments.

Government

The governing body of a nation, state, or community, responsible for regulation, public policy, and administration of state affairs.