what is the average monthly mortgage payment?\nmonthly expenditures\n| | april | may | june |\n|--|--|--|--|…

what is the average monthly mortgage payment?\nmonthly expenditures\n| | april | may | june |\n|--|--|--|--| \n| water | $23.00 | $26.00 | $31.00 |\n| car loan | $200.00 | $200.00 | $200.00 |\n| electricity | $38.00 | $41.00 | $39.00 |\n| mortgage | $1800.00 | $1800.00 | $1800.00 |\nround to the nearest cent.

what is the average monthly mortgage payment?\nmonthly expenditures\n| | april | may | june |\n|--|--|--|--| \n| water | $23.00 | $26.00 | $31.00 |\n| car loan | $200.00 | $200.00 | $200.00 |\n| electricity | $38.00 | $41.00 | $39.00 |\n| mortgage | $1800.00 | $1800.00 | $1800.00 |\nround to the nearest cent.

Answer

Explanation:

Step1: Identify mortgage payments

We have mortgage payments for April, May and June as $1800, $1800 and $1800 respectively.

Step2: Calculate the average

The formula for the average of a set of numbers $x_1,x_2,\cdots,x_n$ is $\bar{x}=\frac{x_1 + x_2+\cdots+x_n}{n}$. Here, $n = 3$, $x_1=1800$, $x_2 = 1800$, $x_3=1800$. So $\bar{x}=\frac{1800 + 1800+1800}{3}=\frac{5400}{3}=1800$.

Answer:

$1800.00$