Answer:
Average cost= $2,885.4
Step-by-step explanation:
Giving the following information:
February, March, April and May show that their expendiures totaled $3,012, $2,977, $2,340, $3,333 and $2,765, respectively.
<u>First, we need to calculate the total expenditures:</u>
Total cost= 3,012 + 2,977 + 2,340 + 3,333 + 2,765
Total cost= $14,427
<u>Now the average cost:</u>
Average cost= total cost / number of moths
Average cost= 14,427 / 5
Average cost= $2,885.4