Question

For FFA, Mr. Sink bought 7 calves for $3,500. He later bought another calf for $600. What is the mean cost for all of the calves?

Answer 1

Answer: Mr. Sink bought 7 calves for a total of $3,500, and he later bought another calf for $600, for a total of $4,100.

In total, Mr. Sink bought 7 + 1 = 8 calves.

The mean cost for all of the calves is equal to the total cost of all of the calves divided by the number of calves.

Therefore, the mean cost for all of the calves is 4,100 / 8 = $512.50.

Explanation: