Question

A college student realized that he was spending too much money on fast food. For the remaining 5 months of the year his goal is to spend a mean of $50 a month towards fast food. How much can he spend in December, taking into consideration that in the other 4 months he spent $100, $25, $80, and $30, respectively? Round your answer to two decimal places, if necessary.

Answer 1

Answer:

The college student can spend $15.00 in December.

Step-by-step explanation:

This can be calculated as follows:

Let y represents the amount to spend in December.

The can now us the formula for calculating a mean is as follows:

Mean = Sum of montlhy spending / Number of months ...... (1)

From the question, we have:

Mean = $50

Sum of monthly spending = $100 + $25 + $80 + $30 + y = $235 + y

Number of months = 5

Substituting the values into equation (1) and solve for y, we have:

$50 = ($235 + y) / 5

$50 * 5 = $235 + y

$250 = $235 + y

$250 - $235 = y

$15.00 = y

Therefore, the college student can spend $15.00 in December.