Find the Mean for the Given Sample Data

question 70

Multiple Choice

Find the mean for the given sample data.
-Six college students spent $150.79, $189.07, $294.93, $206.37, $297.05, and $292.43 respectively for books. Compute the mean amount spent. Round your answer to the nearest cent.

• A) $274.13
• B) $286.13
• C) $238.44
• D) $357.66

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Definitions:

Prices

The financial sum estimated, demanded, or provided in exchange for something.

Income

Income is the amount of money or assets that is received over a period of time, often as payment for work, from investments, or from business activities.

Total Utility Data

Information representing the total satisfaction or benefit received by consuming a specific quantity of goods or services.

Prices

The amount of money required to purchase a good or service, determined by factors like demand, supply, and market conditions.