Mean question (1 Viewer)

Member
An early purchase plan for seats at the Sydney Olympic Games offered a seat at 9 events for \$750 deposit and \$228 per month for 12 months. Under this plan, what is the average cost at any one event?

Member
An early purchase plan for seats at the Sydney Olympic Games offered a seat at 9 events for \$750 deposit and \$228 per month for 12 months. Under this plan, what is the average cost at any one event?

BLIT2014

The pessimistic optimist.
Moderator
Does it give you any further information like standard deviation?

jimmysmith560

Le Phénix Trilingue
Are you sure this is how the question is written (i.e. asking for the exact average cost)? I found a version of this question that goes like this:

An early purchase plan for seats at the Rio Olympic Games offered a seat at 9 events for \$750 deposit and \$228 per month for 12 months. Under this plan, the mean cost of a seat at any one of these events is closest to:

A. \$200
B. \$250
C. \$300
D. \$350
E. \$400

In this case the answer would indeed be \$400 as the average cost of one event is about \$387.33 and is closest to \$400.