11
QuizMultiple Choice

Income Data — Quiz

Question 11 • Financial Math

A group of college students were asked about their monthly stipends from part-time jobs. The data collected (in dollars) is as follows: { 200 , 210 , 215 , 220 , 225 , 230 , 235 , 240 , 245 , 250 }. The mean of the data set is $⁢227 What does this mean in the context of the scenario?

Answer
A
The college student stipend range starts at 227 dollars.
B
Only one college student receives a stipend of 227 dollars.
C
The average monthly stipend of all college students surveyed is 227 dollars.
D
The majority of college students receive a stipend of 227 dollars.

Explanation

The mean is the average: add the 10 stipends and divide by 10. Their total is $2,270, so the mean is $2,270 ÷ 10 = $227. In context, this means the average monthly stipend of the students surveyed is $227; it does not mean most students receive exactly that amount.

AI-written and checked against the verified answer.

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