Question

The arena would like to estimate its annual running costs for the next twelve months. Use the following first 4 months' figures to estimate the running costs for 12 months. Month Costs January £14,889.51 February £22,936 March £9,856.88 April £6,777.77 The estimated running costs for 12 months is

Answer 1

the answer is 40845.12 hope i helped. the way i did was by adding jan. feb. march and april costs times 4 to find the average then multiplying the average by three to make 12

Answer 2

163,380.48

Explanation:

First find the average of the first 4 months' figures.

To do this, find the sum of the first 4 values and then divide by 4, the number of data points:

(14889.51+22936+9856.88+6777.77)/4 = 54460.16/4 = 13615.04

It costs on average £13615.04 per month to run the arena.

This means the estimated running costs for 12 months will be

13615.04(4) = £163,380.48