Mean question (1 Viewer)

[kpad5991]

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]

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]

Does it give you any further information like standard deviation?

 

[jimmysmith560]

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.

 

[kpad5991]

Does it give you any further information like standard deviation?

No it doesn’t