ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
Calculate the mean of the projected annual revenues of the 7 countries. Show full working for the mean calculation.
Expert Solution
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Step 1
In order to calculate the mean of the projected annual revenues, first, we need to calculate the projected annual revenue of each country.
The annual revenue could be calculated by summing up the projected revenue of all four quarters.
Country | Q1 | Q2 | Q3 | Q4 | Sum |
Canada | 15000 | 16000 | 18000 | 17000 | 66000 |
Singapore | 20000 | 23000 | 22000 | 21000 | 86000 |
Pakistan | 25000 | 21000 | 22000 | 21000 | 89000 |
Nigeria | 10000 | 9000 | 11000 | 8000 | 38000 |
UAE | 27000 | 26000 | 28000 | 27000 | 108000 |
Spain | 19000 | 22000 | 21000 | 22000 | 84000 |
Germany | 26000 | 28000 | 30000 | 29000 | 113000 |
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