Question

National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: month sales (000) units Feb. 18, Mar. 16, Apr. 15, May. 18, Jun. 20, Jul. 21, Aug. 23. Calculate the average monthly sales for this period.

Answer 1

To calculate the average monthly sales, find the sum of the monthly sales and divide it by the number of months.

Step-by-step explanation:

To calculate the average monthly sales for the given period, we need to find the sum of the monthly sales and then divide it by the number of months.

Feb: 18
Mar: 16
Apr: 15
May: 18
Jun: 20
Jul: 21
Aug: 23

Sum of sales = 18 + 16 + 15 + 18 + 20 + 21 + 23 = 131

Average monthly sales = Sum of sales / Number of months = 131 / 7 = 18.7143

Therefore, the average monthly sales for this period is approximately 18.71 units.