Question

He table shows the price paid per concert ticket on a popular online auction site. What was the average price paid per ticket? A) $43.30 B) $59.70 C) $65.20 D) $73.80 E) $62.90 P

Price Paid per Ticket

Price Frequency
$125 82
$100 98
$75 122
$50 168
$25 212

Answer 1

$62.90

Explanation:

Answer 2

The correct answer is option E.

Explanation:

`Average = \frac{\text{Sum of all values}}{\text{number of terms}}`

The average price paid per ticket = A

Sum of amount of tickets sold:

`\$125* 82+\$100* 98+\$75* 122+\$50* 168+\$25* 212`

Number of tickets sold=

= 82+98+122+168+212

`A=(\$125* 82+\$100* 98+\$75* 122+\$50* 168+\$25* 212)/(82+98+122+168+212)`

`A=\$62.90`

Hence, the correct answer is option E.