You are giving the following amounts: $190,258.50; $152,698.00; $122,753.00; $220,523.00; $231,951.00. What is the average of these five amounts?
Mathematics · College · Sun Jan 24 2021
Answered on
Given the amounts:
$190,258.50; $152,698.00; $122,753.00; $220,523.00; $231,951.00.
Determine the average of the five amounts.
Number of amounts ( n ) = 5
Formula for average = Summation of the amounts/ Number of amounts
Solution:
In order to determine the average, we add all the values, then divide the sum by 5.
Average = ($190,258.50 + $152,698.00 + $122,753.00 + $220,523.00 + $231,951.00.)/5
Average = ($918,183.5)/5
Average = 183,636.7
Final answer:
Average = 183,636.7