Question 4
Tools of Economic AnalysisIf X̄ = 6 and N = 6, determine the value of Σfx.
- A.36
- B.1
- C.12
- D.72
Show the answer and explanation
Answer: A (36)
Explanation
The mean X̄ = Σfx/N, so Σfx = X̄ × N = 6 × 6 = 36.
If X̄ = 6 and N = 6, determine the value of Σfx.
Answer: A (36)
The mean X̄ = Σfx/N, so Σfx = X̄ × N = 6 × 6 = 36.