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Find the mean for the given sample data. Unless otherwise specified, round your answer to one more decimal place than that used for the observations.
-The table below gives the total spectator attendance for various U.S. sports in 1997. Find the mean of these attendance numbers.
Real Wages
The purchasing power of wages or income, taking into account the effects of inflation on buying power.
CPI
Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to estimate inflation.
Economic Rent
The extra income earned by a resource over its opportunity cost.
Price of Gas
The cost per unit (usually per gallon or liter) of gasoline, which can vary based on factors like location, demand, and taxes.
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