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John bought 5 books with an average (arithmetic mean) price
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15 Oct 2019, 16:36
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John bought 5 books with an average (arithmetic mean) price of $12. If John then buys another book with a price of $18, what is the average price of all 6 books?
John bought 5 books with an average (arithmetic mean) price
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31 Jul 2022, 20:05
Theory
➡ Average = Sum of all the Values / Total Number of Values ➡ Sum of All the values = Average * Total Number of Values
John buys 5 books with an average price of $12
Sum of price of 5 books = Average * 5 = $12 * 5 = $60
If John then buys another book with a price of $18, what is the average price of the 6 books
Average Price of 6 books = Sum of price of 6 books /6 = (Sum of price of 5 books + price of \(6^{th}\) book) / 6 = \(\frac{$60 + $18}{6}\) = \(\frac{$78}{6}\) = $13
So, Answer will be B. Hope it helps!
Watch the following video to Learn the Basics of Statistics
gmatclubot
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