Amount five people with monthly income (in Rs.) 15000, 26000, 16000, 19000, 50000, how many will have income less than the mean income of five people?

A. 1 B. 2 C. 3 D. 4 Answer: Option C
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Solution(By Apex Team)

Mean Income $\begin{aligned}=&\text{ Rs. }\left(\frac{15000+26000+16000+19000+50000}{5}\right)\\ =&\text{ Rs. }\left(\frac{126000}{5}\right)\\ =&\text{ Rs. }25200\end{aligned}$ Clearly, three people have monthly income below the mean income.

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