Question

For most people health club membership expenses are considered discretionary. alli lives in a big city and wants to join a health club. she researched monthly membership costs and found th following for the health clubs within a 5-mile radius of her apartment. $65,$50,$44,$86,$90,$50,$35,$110,$70,$50,$35,$60,$56 what is the mean monthly membership fee ? round your answer to the nearest cent .

Answer 1

Using it's concept, the mean monthly membership fee is of $61.62.

What is the mean?

The mean of a data-set is given by the sum of all observations in the data-set divided by the number of observations.

For this problem, the observations are given by:

$65,$50,$44,$86,$90,$50,$35,$110,$70,$50,$35,$60,$56.

There are 13 observations, hence the mean is given by:

M = (65 + 50 + 44 + 86 + 90 + 50 + 35 + 110 + 70 + 50 + 35 + 60 + 56)/13 = $61.62.

Hence the mean monthly membership fee is of $61.62.

More can be learned about the mean of a data-set at https://brainly.com/question/24628525

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