A data analyst needs to calculate the mean for Q1 sales using the data set below:
Which of the following is the mean?
A.
$2,466.18
B.
$2,667.60
C.
$3,082.72
D.
$12,330.88
Correct Answer: C
Explanation:
The mean is the average of all the values in a data set. To calculate the mean, we add up all the values and divide by the number of values. In this case, the mean for Q1 sales is ($2,000 + $3,000 + $4,000 + $2,500 + $3,500) / 5 = $3,082.72