Question

QUESTION 10 of 10: Your business has conducted three market research surveys in the past year. The cost per survey is as follows: Survey1: $1,250, Survey 2: $925, Survey 3: $1,075. What is the average cost of the market research surveys?a) $1,083.33Ob) $1,010O c) $1,057 50O d) $1,034SubmitC2022 Knowledge Matters, Inc

Answer 1

a) $1,083.33

Step-by-step explanation

The average is the sum of all values divided by the number of values. In this case,

`(1250+925+1075)/(3)=(3250)/(3)\approx1083.33`

Hence, the average cost of the market research surveys is $1,083.33.