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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.


Definitions:

Maturity Value

The amount that will be received at the end of a fixed-term investment, including the principal and any accumulated interest.

Initial Amount

The starting amount of money before any growth or shrinkage due to interest or losses.

Simple Interest Rate

A fixed percentage of the principal amount that is paid or earned over a specific period of time, not compounding.

GIC

An investment known as a Guaranteed Investment Certificate, which offers a risk-free fixed rate of return over a predetermined period.

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