Question

Your store sells five varieties of 16 oz. bags of potato chip costing $1.25, $1.49, $1.50, $1.39, and $1.35 respectively. What is the mean price of the 16 oz. bags of potato chips?

a) $1.35
b) $1.40
c) $1.45
d) $1.49

Answer 1

• b) $1.40

Explanation:

The mean is the average:

• (1.25 + 1.49 + 1.50 + 1.39 + 1.35)/5 = 1.396

The closes option is $1.40