Question 198306

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)