The amount spent on textbooks for the fall term was recorded for a sample of five university students - $400, $350, $600, $525, and $450. Calculate the value of the sample mean for the data.
A)$450
B)$465
C)$400
D)$600

Question

Quizplus · Accepted Answer

The sample mean is calculated by summing all the values and dividing by the number of values: ($400 + $350 + $600 + $525 + $450) / 5 = $465.

The Amount Spent on Textbooks for the Fall Term Was