Study the given graph and answer the question that follows. [Image] In which year was the revenue 33 1/3 % more than the average expenditure of the company during 2014 to 2018?

Study the given graph and answer the question that…

Study the given graph and answer the question that follows.

In which year was the revenue 33 $\frac{1}{3}$ % more than the average expenditure of the company during 2014 to 2018?

Show answer & explanation

Correct answer: C

Explanation

The correct answer is option 3 i.e. 2018

Concept

Sum of observation / No. of observation

Application

Average expenditure of the company from 2014 to 2019 = (130 + 150 + 175 + 200 + 165 + 170) / 6 = 165

According to the question

= 165 × 4/3 = 220

2018 year has the 220 as its revenue