The Mean Number of Visitors to a Local Tourist Attraction

question 7

Multiple Choice

The mean number of visitors to a local tourist attraction in the last week was 625 per day. You have the figures for 6 out of 7 days, but the last figure has gone missing. The figures you have are: 800; 950; 425; 570; 725; and 600. Calculate the value of the missing figure.

• A) 285
• B) 305
• C) 325
• D) 345

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Definitions:

Forward Contract

A derivative financial contract obligating the buyer to purchase an asset, or the seller to sell an asset, at a predetermined future date and price.

Swap Contract

An agreement by two parties to exchange, or swap, specified cash flows at specified intervals in the future.

Currencies

Forms of money that are issued by governments and used as a medium of exchange for goods and services in economic transactions.

Interest Rates

The percentage charged on the total amount borrowed or earned, reflecting the cost of borrowing or the yield on investments.