Question

The McConnell's records for January, February, March, and April show that their expenditures totaled $2,004, $1,897, $2,345, and $2,426, respectively. What is their average monthly expenditure for the four months?

Answer 1

Answer: $ 2,168

Explanation:

As we know,

Average =
`\frac{\text{Sum of terms}}{\text{Number of terms}}`

Given: The McConnell's records for January, February, March, and April show that their expenditures totaled $2,004, $1,897, $2,345, and $2,426, respectively.

Average monthly expenditure for the four months

`=(2004+1897+2345+2426)/(4)\\\\=(8672)/(4)\\\\=2168`

Hence, their average monthly expenditure for the four months = $ 2,168.