Categories: Economics WAEC

The wages of a group of workers in dollars is stated below; What is the mean wage?

40, 30, 70, 20, 60, 10, 10, 80, 30, and 10.

A. $35
B. $36
C. $37
D. $38

Correct Answer:

Option B = $36

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

40+30+70+20+60+10+10+80+30+10/10

360/10 = $36

Sunday

Share
Published by
Sunday

Recent Posts

List of Universities Offering Veterinary Medicine in Nigeria

Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…

2 weeks ago

List of Universities Offering Anthropology in Nigeria

Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…

2 weeks ago

List of Universities Offering Sociology in Nigeria

Sociology is the scientific study of human society, culture, and behavior. It examines the social…

2 weeks ago

List of Universities Offering Social Work in Nigeria

Social Work is a profession dedicated to helping individuals, families, and communities to cope with…

2 weeks ago

List of Universities Offering Religious Studies in Nigeria

Religious studies is an academic discipline that explores the beliefs, practices, and history of various…

2 weeks ago

List of Universities Offering Public Administration in Nigeria

Public administration is the field of study and practice that focuses on the organization and…

2 weeks ago