mean value of the weekly income of 40 families is 265 but in the calculation income of one family was read as 150 instead of 115 find the correct mean
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let the sum of income 40 families be x
then x/40=265
x=10600
difference in wrongly entered value 150-115=35
So we need to subtract 35 from the total income
i.e. corrected total income=10600-35=10565
Corrected mean = 10565/40= 264.125
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