Question
Theprice 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
GPT 3.5
To determine whether the mean price of shares in the month is 65, we need to calculate the average price of shares.
First, we need to sum all the prices:
66 + 65 + 69 + 70 + 69 + 71 + 70 + 63 + 64 + 68 = 675
Next, we need to divide the sum by the total number of prices:
675 / 10 = 67.5
The mean price of shares in the month is 67.5, not 65. Therefore, the statement that the mean price of shares in the month is 65 is incorrect.
First, we need to sum all the prices:
66 + 65 + 69 + 70 + 69 + 71 + 70 + 63 + 64 + 68 = 675
Next, we need to divide the sum by the total number of prices:
675 / 10 = 67.5
The mean price of shares in the month is 67.5, not 65. Therefore, the statement that the mean price of shares in the month is 65 is incorrect.