Calculate the mean rent in thousands of dollars


Discuss the following:

Q: A study on rental housing provided the following data on income and rent as a percentage of income for a sample of 5 rental units.

Income ($000):
25,
35,
45,
75,
125

Rent (% income):
5,
10,
20,
30,
35

Calculate the mean rent in thousands of dollars.

 

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Basic Statistics: Calculate the mean rent in thousands of dollars
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