Question

exam lesson name: money management
exam number: 700141rr
exam guidelines
exam instructions
question 4 of 20 :
select the best answer for the question.

1. a car dealer recently sold five cars for the following profits: $10,126, $9,999, $12,398, $12,007, and $4,567. what was the mean for the profits of the sales?

○ a. $8,906.00
○ b. $9,819.40
○ c. $10,375.00
○ d. $12,398.00
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Explanation:

Step1: Sum the profits

To find the mean, first we sum all the profit values. The profits are $10,126, $9,999, $12,398, $12,007, and $4,567. So we calculate:
$$10126 + 9999 + 12398 + 12007 + 4567$$
First, $10126+9999 = 20125$. Then, $20125+12398 = 32523$. Next, $32523+12007 = 44530$. Finally, $44530+4567 = 49097$.

Step2: Calculate the mean

The mean is the sum of the values divided by the number of values. There are 5 cars, so we divide the total sum by 5:
$$\frac{49097}{5} = 9819.4$$

Answer:

B. $9,819.40