If 99 people had a mean income of $12,000, how much is the mean income increased by the addition of a single income of $200,000?

Answer 1

12,000 * 99 - 1,188,000

(1,188,000 + 200,000) / 100 = $13,880

$13,880 - 12,000 = ?

Answer 2

Thank you, Mrs. Sue. I now understand this type of problem! :)

Answer 3

You're welcome, KG :-)

Answer 4

If 99 people had a mean income of $45,000, how much is the mean income increased by the addition of a single income of 250,000