From the Following Grouped Data, Find the Mean

question 127

Multiple Choice

From the following grouped data, find the mean. Please round your answer to the nearest tenth.  

• A) mean = 54.5
• B) mean = 54.3
• C) mean = 57.1
• D) mean = 53.5
• E) mean = 55.0

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Definitions:

Depreciation

Depreciation is the systematic allocation of the cost of a tangible asset over its useful life, reflecting its wear and tear, obsolescence, or decline in value over time.

Cost Allocation

The process of identifying, aggregating, and assigning costs to cost objects, such as products, services, or departments.

Residual Value

Residual value is the estimated amount that an asset will be worth at the end of its useful life, reflecting its expected salvage value.