SOLUTION: A company had sales of $500,000 in 1996 and sales of $720,000 in 1998. Use the midpoint formula to find the company's sales in 1997.

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Question 388418: A company had sales of $500,000 in 1996 and sales of $720,000 in 1998. Use the midpoint formula to find the company's sales in 1997.
Answer by MCAT(6) About Me  (Show Source):
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The question is asking you to basically find the mean of the data:
Mean=(Data 1+ Data 2)/(divided)Number of data
Our data here are $500,000 and $720,000, so here is the equation:
Company's sales in 1997(mean)=($500,000+$720,000)/2
=$1,220,000/2
=$610,000
Therefore, the company's sales in 1997 were worth $610,000 (estimation)