Question 13
Tools of Economic AnalysisIf the arithmetic mean of 1, 2, 5, 6, x, 16 and 18 is 8.0, find the value of x.
- A.7.0
- B.6.0
- C.8.5
- D.8.0
Show the answer and explanation
Answer: D (8.0)
Explanation
Seven numbers with mean 8 add up to 56. The known numbers add up to 48, so x = 56 − 48 = 8.