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Economics · Methods and tools of economic analysis

EconomicsMethods and tools of economic analysisJAMB

A trader's sales over five weeks were ₦4,000, ₦6,000, ₦8,000, ₦10,000 and ₦12,000. Find the mean and the range.

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Answer: B. mean ₦8,000; range ₦8,000

Mean = 40,000/5 = ₦8,000; range = 12,000 − 4,000 = ₦8,000.

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