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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

User Postanote
by
3.0k points

1 Answer

9 votes

Answer:

  • 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

User DhrubaJyoti
by
3.7k points