WAEC - Economics (2019 - No. 4)
The wages of a group of workers in dollars is stated below;
40, 30, 70, 20, 60, 10, 10, 80, 30, and 10.
What is the mean wage
$35
$36
$37
$38
Explanation
Mean is gotten as the sum of the terms divided by the number of terms. That is,
sum of the terms
number of terms
\(\frac{40 +30 + 70 + 20 + 60 +10 +10 + 80 + 30 + 10}{10}\)
\(\frac{360}{10}\) = $36
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