Year Costs (£) Year One 1.4 million Year Two 1.6 million Year Three 1.8 million Year Four 2.5 million Year Five 1.7 million What is the mean amount of costs?

Question

asked Feb 11, 2020 33.0k views

2 Answers

Suchita Mukherjee · Answer 1 · 2020-02-13T15:52:34+0000

Answer:

The mean = £ 1.8 million.

Explanation:

This is the total sum of the costs / the number of years.

= (1.4 + 1.6 + 1.8 + 2.5 + 1.7) / 5 million pounds.

LukeDuff · Answer 2 · 2020-02-15T18:31:12+0000

Answer:

1.8 million

Explanation:

Add everything up to get 9 million, then divide by 5 to get the average of the years. This leaves you with 1.8 million