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Find the Mean 12 , 500(5.5%)

$12$ ,

$500 (5.5 %)$

Step 1

Convert

$5.5 %$ to a decimal.

$12, 500 \cdot 0.055$

Step 2

Multiply

$500$ by

$0.055$ .

$12, 27.5$

Step 3

The mean of a set of numbers is the sum divided by the number of terms.

$\frac{12 + 27.5}{2}$

Step 4

Add

$12$ and

$27.5$ .

$\frac{39.5}{2}$

Step 5

Divide

$39.5$ by

$2$ .

$19.75$

Step 6

Divide.

$19.75$

Step 7

The mean should be rounded to one more decimal place than the original data. If the original data were mixed, round to one decimal place more than the least precise.

$19.8$

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