Question
The price of shares of a company on the different days in a month
were found to be 66,65,69,70,69,71,70,63,64 and 68.Discuss
whether mean price of shares in the month is 65.
were found to be 66,65,69,70,69,71,70,63,64 and 68.Discuss
whether mean price of shares in the month is 65.
Answers
Answered by
GPT 3.5
To determine whether the mean price of shares in the month is 65, we need to calculate the average price of the shares.
Average (mean) = Sum of all prices / Number of days
Sum of all prices = 66 + 65 + 69 + 70 + 69 + 71 + 70 + 63 + 64 + 68 = 665
Number of days = 10
Average (mean) = 665 / 10 = 66.5
The mean price of shares in the month is 66.5, not 65.
Average (mean) = Sum of all prices / Number of days
Sum of all prices = 66 + 65 + 69 + 70 + 69 + 71 + 70 + 63 + 64 + 68 = 665
Number of days = 10
Average (mean) = 665 / 10 = 66.5
The mean price of shares in the month is 66.5, not 65.
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