Question

The data set below provides the monthly rent (in dollars) paid by 5 tenants. 879 , 920 , 940 , 950 , 990 Suppose the rent for one of the tenants changes from $ 940 to $ 1115 . What is the mean before the rent changes? What is the mean after the rent changes?

Answer 1

Answer:

Mean before the rent changes = $935.8

Mean after the rent changes = $970.8

Step-by-step explanation:

Mean = sum of all data values / number of data values in a given data set

✔️Data set consisting of the rents of 5 tenants: 879 , 920 , 940 , 950 , 990

Mean before the rent changes = (879 + 920 + 940 + 950 + 990)/5 = 4,679/5 = 935.8

Mean before the rent changes = $935.8

✔️If one of the tenants rent changes from $940 to $1,115, the new data set would be:

879 , 920 , 1,115 , 950 , 990

Mean after the rent changes = (879 + 920 + 1,115 + 950 + 990)/5 = 4,854/5 = 970.8

Mean after the rent changes = $970.8