Definition of Arithmetic Mean
More about Arithmetic Mean
Solved Example on Arithmetic Mean
The prices of cheese pizza in five different pizza delivery shops are $5, $4, $6, $8, and $7. Find the mean of the prices.
Correct Answer: A
Step 1: The mean is the average of the prices.
Step 2: Average =
Step 3: = [Substitute the values.]
Step 4: = [Add.]
Step 5: = 6 [Divide.]
Step 6: The mean price is $6.
Related Terms for Arithmetic Mean