Question

Ice cream rates for 12 months in 2018 are given below:

January - Rs.190 , February - Rs.210 , March - Rs.250 , April - Rs.200 , May - Rs.225 , June - Rs.265 ,

July - Rs.270 , August - Rs.240 , September - Rs.217, October - Rs.203 , November - Rs.180, December - Rs.170

Find the Mean rate of the ice cream for the year 2018.

• A. Rs.220
• B. Rs.215.5
• C. Rs.218.33
• D. Rs.221.66

Answer 1

The correct option is C

Rs.218.33

Mean = $\frac{Sumofobservations}{No.ofObservations}$

= $\frac{190+210+250+200+225+265+270+240+217+203+180+170}{12}$

= $\frac{2620}{12}$

= Rs.218.33