Find the Mean

question 52

Multiple Choice

Find the mean. Round to the nearest tenth unless otherwise stated.
-Retirement ages of teachers: 51, 63, 64, 56, 67, 58, 68, 53, 57

• A)59
• B)58.4
• C)59.7
• D)58

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Definitions:

Marginal Tax Rate

The rate at which the last dollar of income is taxed, indicating the impact of additional income on tax liability.

State Finance

Refers to the management of a government's revenue, expenditures, and debt load through various practices, including budgeting, taxation, and fiscal policy.

Sales And Excise Taxes

Taxes imposed on the sale of specific goods and services, with excise taxes being levied on particular items such as alcohol and tobacco.

Education

The systematic process of facilitating learning, acquiring knowledge, skills, values, and beliefs through the study and instruction.