SOLUTION: Four roommates (n=4) each contribute an average of $50 (M=50) towards buying a new table for their apartment. If one roommate who contributed $60 (X=60) decides to move out and not

Question 990736: Four roommates (n=4) each contribute an average of $50 (M=50) towards buying a new table for their apartment. If one roommate who contributed $60 (X=60) decides to move out and not contribute any money, what is the value for the new mean contribution of the three remaining roommates?
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!

Hint: If four people each contribute an average of $50 per month, then the monthly payment must be $200. The amount currently contributed by the roommate who is moving out is immaterial. There are now three contributors and they must, in toto, pay $200/month.

John

My calculator said it, I believe it, that settles it

RELATED QUESTIONS
Four apartments in a small block of flats belong to three owners. Each apartment has a... (answered by parmen)

A real estate office handles 50 apartment units. When the rent is $540 per month, all... (answered by ankor@dixie-net.com)

Rick and Mike are roommates and leave Gainesville on Interstate 75 at the same time to... (answered by richwmiller)

Rick and Mike are roommates and leave Gainesville on Interstate 75 at the same time to... (answered by mananth)

Rick and Mike are roommates and leave Gainesville on Interstate 75 at the same time to... (answered by macston)

Tricia and Janine are roommates and leave Houston on Interstate 10 at the same time to... (answered by macston)

You and your roommate decided to take a road trip to the beach one weekend. You drove all (answered by ikleyn,josgarithmetic,greenestamps)

. A local factory currently assembles 160 ovens per day. The factory can sell each oven (answered by Theo)

Shakira is the manager of a 200-unit apartment complex. She is exploring how the monthly... (answered by stanbon)