Find the Mean for the Given Sample Data

question 66

Multiple Choice

Find the mean for the given sample data. Unless otherwise specified, round your answer to one more decimal place thanthat used for the observations.
-Frank's Furniture employees earned $340.75, $394.04, $256.06, $208.10, $212.99, and $423.99 last week. Find the mean wage of the employees. Round your answer to the nearest cent.

• A)$367.19
• B)$458.98
• C)$355.19
• D)$305.99

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Definitions:

Economic Challenges

Issues or difficulties related to the economic system of a country or the global economy that affect financial stability, growth, and prosperity.

Rich-Country Standards

The benchmarks or norms established by wealthy countries for quality of life, economic performance, and governance.

Optimal Resource Allocation

The most efficient distribution of resources in an economy, achieving the best possible balance of production and distribution to meet the needs and wants of the population.

ITQs

Individual Transferable Quotas, a system in resource management where individuals or companies have the right to a portion of the total allowable catch or quota.