SOLUTION: A consumer group surveyed the prices for a certain item in five different stores, and reported the average price as $15. We visited four of the five stores, and found the prices t

Algebra ->  Probability-and-statistics -> SOLUTION: A consumer group surveyed the prices for a certain item in five different stores, and reported the average price as $15. We visited four of the five stores, and found the prices t      Log On


   



Question 1051010: A consumer group surveyed the prices for a certain item in five different stores, and reported the average price as $15.
We visited four of the five stores, and found the prices to be $10, $15, $15, and $25. Assuming that the consumer
group is correct, what is the price of the item at the store that we did not visit?

Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
$10 + $15 + $15 + $25 + x)/5 = 15
x = $75 - $65 = $10, the price of the item at the store not visited