Question

4. Courtney wants to sell her grandfather's antique 1932 Ford. She begins to set her price by looking at ads and finds these prices: $24,600, $19,000, $33,000, $15,000, and 20,000. What is the mean price?

Answer 1

$22,320

Explanation:

1. Understanding

Mean is the average of a given set

2. Solving

We have to find the average of all of these numbers.

How do I find the average?

I add all of the numbers and divide by the number of numbers I added. Example:

(x + x + x + x)/4 or,

(x+x)/2 and examples in numbers:

(3+4)/2 or,

(9+4+8+5+7)/5

See what I mean? Dividing by the number of numbers I have.

Ok, now we know that, we can solve!

Here is the equation for this problem:

(24,600+19,000+33,000+15,000+20,000)/5 (We have 5 numbers)

We have to do Parentheses First

(24,600+19,000+33,000+15,000+20,000)/5 --> 111,600/5

111,600/5 = 22,320

22,320 is the average number of all of the numbers, which is the mean

Hope this helps :)

-jp524