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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?.
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39 votes
39 votes
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?.

User Miro Grujin
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1 Answer

8 votes
8 votes

Answer: 1.396

Explanation: To find the average, or mean, you add the values of the samples and divide by the total number of samples:

Sum of values = 1.25 + 1.49 + 1.50 + 1.39 + 1.35 = 6.98

Number of samples (n) = 5

Mean = 6.98 / 5 = 1.396

User Aur Saraf
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2.9k points
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