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 CShow Answer
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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