Question

carla is a carpenter. she wants to purchase new high - quality tools for her business. she found the following prices for the exact same set of tools from various sellers: $6,700 $7,450 $8,000 $7,600 $7,450 $8,200 $7,210 a. what is the mean price? round your answer to the nearest cent. $7,450.00 $7,515.71 $7,600.00 $7,645.19

Explanation:

Step1: Find the sum of prices

$6700 + 7450+8000 + 7600+7450+8200+7210=52610$

Step2: Divide by number of data - points

There are 7 prices. Mean $=\frac{52610}{7}\approx7515.71$

Answer:

$7,515.71$