Given, the mean of 50 observations = 80.4
∴ Sum of 50 observations =80.4×50=4020
But later, we observed that 96 was misread as 69 at one place.
Then, the correct mean =(sum of 50 observations)−69+9650
=4020−69+9650=404750=80.94
Hence, the correct mean is 80.94.