Find the Mean for the Given Sample Data

question 110

Multiple Choice

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.
-Frank's Furniture employees earned $487.05, $281.74, $217.59, $199.88, $385.90, and $437.84 last week. Find the
Mean wage of the employees rounded to the nearest cent.

• A)$335.00
• B)$502.50
• C)$390.00
• D)$402.00

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Definitions:

Voting Shares

Shares that give the shareholder the right to vote on company matters.

GAAP

Generally Accepted Accounting Principles, a framework of accounting standards, principles, and procedures.

Significant Influence

The power to participate in the financial and operating policy decisions of an investee but not control those policies.

Ownership Percentage

This refers to the fraction or percentage of a company or asset that is owned by a particular shareholder or investor.