Question

The monthly expenditure of five housesholds are rupees 1550, rupees 1715, rupees 1690, rupees 820 and rupees 1150. calculate arithmetic mean​

Answer 1

Answer:

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Answer 2

The Arithmetic Mean of the monthly expenditures is Rs 1385.

Given,

Monthly expenditures of 5 households: 1550, 1715, 1690, 820, & 1150

(In Rupees)

To Find,

Arithmetic Mean of the monthly expenditures

Solution,

The arithmetic mean is an average of the quantities. It is given by the sum of the quantities divided by the number of quantities.

Arithmetic Mean (AM) = $\frac{Sum of all the quantities}{Total number of quantities}$

Total Number of quantities = 5

Sum of all the 5 household expenditures = 1550 + 1715 + 1690 + 820 + 1150

Sum of all the 5 household expenditures = Rs 6925

Arithmetic Mean (AM) = $\frac{6925}{5}$

Arithmetic Mean (AM) = Rs 1385

Thus, the Arithmetic mean is Rs 1385

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