Find the mean of the distribution shown.
Definitions:
Households
Economic units consisting of all individuals who occupy a home, responsible for making consumption decisions.
Market System
In this model, the economic operations regarding investments, the scale of production, and the distribution strategy are guided by supply and demand laws, ensuring that the pricing of goods and services is freely determined through a system of unrestricted prices.
Business Risk
The potential for financial loss or failure that a business faces due to factors like market fluctuations, competition, and management decisions.
Entrepreneurs
Individuals who organize, operate, and assume the risks for business ventures, acting as the driving force behind innovation and economic growth.
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