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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
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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

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    Team Careers360 13th Jan, 2024
    Answer
    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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