Question

The McConnell's records for January, February, March, and April show that their expenditures totaled $2,004, $1,897, $2,345, and $2,426, respectively. What is their average monthly expenditure for the four months?

Answer 1

Answer: $ 2,168

Step-by-step explanation:

As we know,

Average = $\dfrac{\text{Sum of terms}}{\text{Number of terms}}$

Given: The McConnell's records for January, February, March, and April show that their expenditures totaled $2,004, $1,897, $2,345, and $2,426, respectively.

Average monthly expenditure for the four months

$=\dfrac{2004+1897+2345+2426}{4}\\\\=\dfrac{8672}{4}\\\\=2168$

Hence, their average monthly expenditure for the four months = $ 2,168.