Use this data set for all problems in this practice: 15, 12, 11, 16, 17, 12, 11, 17, 12

What is the mean (equal share value)?

1 answer

To find the mean (equal share value) of a data set, you need to sum all the values in the data set and then divide by the total number of values.

For this data set: 15, 12, 11, 16, 17, 12, 11, 17, 12

The sum of all the values is 123 (15 + 12 + 11 + 16 + 17 + 12 + 11 + 17 + 12 = 123).

And there are 9 values in the data set.

Therefore, the mean (equal share value) is 123/9 = 13.67.

So, the mean of the data set is 13.67.