A young couple wants to save $40,000 over the next 5 years and then use this money as a down payment on a home. How much money m
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Answer:
The arithmetic mean is 10.9
Step-by-step explanation:
In this question, we are tasked with calculating the arithmetic mean using the information given.
The arithmetic mean or otherwise called the average is the sum of all the values in a given set divided by the number of elements or count of the elements in that particular data set
Mathematically, the arithmetic mean can be found by dividing the sum of the data values by the number of data values.
In equation form, we have
Inserting the values, we have Arithmetic mean = 10998/1007 = 10.92 which is 10.9 to the nearest tenth
