Question

6)Janel 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

Prices given by

• 24,600
• 19000
• 33000
• 15000
• 20000

Mean:-

`\\ \rm\Rrightarrow (Sum\:of\:price)/(Total\:prices)`

`\\ \rm\Rrightarrow (24600+19000+33000+15000+20000)/(5)`

`\\ \rm\Rrightarrow (111600)/(5)`

`\\ \rm\Rrightarrow 22220\$`

Answer 2

mean price = $22320

mean is the average of a set of given numbers

set { $24,600, $19,000, $33,000, $15,000, $20,000 }

`\sf m = \frac{\text{sum of the terms}}{\text{number of terms}}`

• total 5 number of terms.

• sum of terms: 24,600 + 19,000 + 33,000 + 15,000 + 20,000 = 111600

`\hookrightarrow\sf mean = (111600)/(5)`

`\sf \rightarrow mean = 22320`