Consider the following to answer the question(s) below:
The table below shows closing share prices for a small sample of companies.

-The mean closing share price is
A) $31.23.
B) $44.65.
C) $56.99.
D) $62.19.
E) $75.77.

Question

Consider the following to answer the question(s) below:
The table below shows closing share prices for a small sample of companies.
 
-The mean closing share price is
A) $31.23. 
B) $44.65. 
C) $56.99. 
D) $62.19. 
E) $75.77.

Quizplus · Accepted Answer

To find the mean, we add up all the closing share prices and divide by the number of values. The sum of all the closing share prices is $284.95 ($35.67 + $55.59 + $69.21 + $60.43 + $64.05), and there are five companies in the sample. Therefore, the mean is $56.99 ($284.95/5).

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