Find the Mean

question 24

Multiple Choice

Find the mean. Round to the nearest tenth unless otherwise stated.
-Snow accumulation: 9, 9.4, 7.2, 9.4, 7

• A)7
• B)9.4
• C)9
• D)8.4

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Definitions:

Planned Investment

Expenditures on capital goods by firms, intended to increase their future production capacity.

Marginal Propensity

The fraction of an additional amount of income that is spent on consumption.

Aggregate Expenditure

The total amount spent on national-level goods and services in an economy.

Disposable Income

Income available to households after accounting for taxes and social security charges, available for spending or saving.