JAMB 2017 Economics · Question 7
Given that ∑fx = 340 and N = 20, find the arithmetic mean.
Options
- A.20
- B.17
- C.32
- D.9
Answer: B. 17
Explanation written with AI and checked against the answer key
Analyze the question: You are given the sum of (frequency × value), ∑fx = 340, and the total frequency N = 20. You need the arithmetic mean.
Concept: For grouped or frequency data, the arithmetic mean is:
Mean (x̄) = ∑fx / ∑f = ∑fx / N
Solution:
x̄ = 340 / 20
x̄ = 17
Check against the options:
- A. 20 ✗
- B. 17 ✓
- C. 32 ✗
- D. 9 ✗
Tip: In frequency-distribution questions, always divide the total of the fx column by the total frequency. Don't divide by the number of classes. If the numbers divide neatly, like 340 ÷ 20, you can quickly confirm: 20 × 17 = 340. ✔
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