The average time (in minutes) Americans spend commuting to work is: 26.9 minutes.
<h3>How to calculate the average time Americans spend commuting to work?</h3>To calculate the average time we must add all the values and then divide the result by the number of values. for example:
1 + 2 + 3 = 6 6 ÷ 3 = 2Based on the above, the operation to find the average time Americans spend commuting to work is:
23,3 + 28,3 + 24,6 + 32,1 + 31,7 + 25,8 + 38,1 + 24,9 + 26,8 + 23,4 + 28,5 + 28,1 + 29,3 + 24,4 + 23,0 + 24,8 + 26,2 + 23,4 + 28,4 + 20,1 + 32,2 + 21,4 + 23,8 + 30,7 + 24,8 + 23,6 + 25,3 + 31,7 + 43,8 + 22,0 + 27,1 + 34,2 + 28,3 + 25,0 + 26,4 + 23,6 + 23,4 + 25,8 + 20,2 + 26,1 + 24,8 + 32,6 + 28,5 + 27,3 + 26,8 + 24,0 + 20,1 + 32,8 = 1291,5
Then we must divide this result by the number of values.
1291,5 ÷ 48 = 26,9
Note: This question is incomplete because there is some information missing. Here is the information:
a. What is the mean commute time for these 48 cities? Round your answer to one decimal place.
Learn more about average in: brainly.com/question/2426692
Answer:
1st 46,398.83
2nd 49,646.74
3rd 53,122.02
4th 56,840.56
5th 60,819.40
Explanation:
given a growing annuity we have to solve for the installement
FV = PV (1+r)^5 = 180,000 x 1.14^5 = 346,574.62
grow rate 0.07
interest rate 0.14
n = time 5
C = 46398.8284
Now, to determiante the subsequent payment we multiply by the grow rate of 1.07