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Question : The average of the series 500, 505, 515, 530, 550 is:

Option 1: 520

Option 2: 515

Option 3: 505

Option 4: 530


Team Careers360 13th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: 520


Solution : $\text{Average}$
$=\frac{\text{Sum of all observations}}{{\text{Total number of observations}}}$
$=\frac{500+505+515+530+550}{5}$
$=\frac{2600}{5}$
$= 520$
Hence, the correct answer is 520.

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