What is the average income from school as a salary per year earned by the person over the given years?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. ₹1,64,000.
Total income from school = 132 + 148 + 166 + 178 + 196 = 820
Now,
Average = Sum of observations/Number of observations
Average = 820/5 = ₹164 thousands = ₹164000