Question

How Average income is ascertained? Fine out avg income from the following
data.
People I II III IV V
Income 500 1000 1500 2000 2500

Answer 1

- 4. How Average income is ascertained? Fine out avg income from the following

data.

People I

III

IV.

| Income 500 1000 1500 2000 2500

5. In the above question what do you think about distribution of income?

no.of people =5

average of people=sum of all income /no.of people.

av.people =7500/5.

av.people =1500.

now,avg.income of people 1=1500/7500*500=100.

avg.income of people lll=1500/7500*1500=300.

and avg.income of people 4=1500/7500*2000=400.