Question

The profit of a company for the years 2003 and 2004 is compared for the 4 quarters. What is the average profit gained by the company in 2004 for all the quarters ?

• A. 50,000
• B. 60,000
• C. 70,000
• D. 80,000

Answer 1

The correct option is B 60,000

The height of the pink bar gives the profit for the year 2004.
As seen from the graph,
Profit for quarter 1 in 2004 = 50 thousand
Profit for quarter 2 in 2004 = 80 thousand
Profit for quarter 3 in 2004 = 60 thousand
Profit for quarter 4 in 2004 = 5O thousand
Total profit in 2004 = 50 + 80 + 60 +50 = 240 thousand
Average $=\frac{\text{(Sum of observations)}}{\text{(Number of Operations)}}=\frac{240}{4}=60\text{thousand}$