A company forecasts next year's budget as the mean of the last 4 years' budgets: 50, 55, 62 and 69 (million Rs.). The forecast is:

  1. 58.5 million
  2. 62 million
  3. 59 million
  4. 69 million
Answer

C) 59 million

50 + 55 + 62 + 694 = 2364 = 59. SLO M-09-C-03 · Application

Mathematics MCQ · More Measures of Central Tendency MCQs · Practise