Mean question (1 Viewer)

kpad5991

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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?

How is the answer $400?
 

kpad5991

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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?

How is the answer $400?
 

BLIT2014

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Does it give you any further information like standard deviation?
 

jimmysmith560

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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.
 

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