Nine men went to a restaurant. Eight of them spent $6 each for their meals and the ninth man spent $4 more than the average expenditure of all nine men. What is the average expenditure?
Average simply is the sum of a set of data divided by the quantity of the data.
We know what 8 men spent which is $6 each Let what the ninth man spent be = Y Let the average of what the nine men spent be = Z
the ninth man spent $4 more than the average expenditure of all nine men
So, Y = Z + 4 (eqn 1)
average of what all nine men spent will then be ((6 x 8) + Y) ÷ 9 = Z (48 + Y) ÷ 9 = Z
Multiply all through by 9 48 + Y = 9Z (eqn 2)
Put eqn 1 into eqn 2 48 + Z + 4 = 9Z 52 + Z = 9Z 52 = 9Z - Z 52 = 8Z Z = 52 ÷ 8 Z = 6.5
Nine men went to a restaurant. Eight of them spent $6 each for their meals and the ninth man spent $4 more than the average expenditure of all nine men. What is the average expenditure?
Average simply is the sum of a set of data divided by the quantity of the data.
We know what 8 men spent which is $6 each Let what the ninth man spent be = Y Let the average of what the nine men spent be = Z
the ninth man spent $4 more than the average expenditure of all nine men
So, Y = Z + 4 (eqn 1)
average of what all nine men spent will then be ((6 x 8) + Y) ÷ 9 = Z (48 + Y) ÷ 9 = Z
Multiply all through by 9 48 + Y = 9Z (eqn 2)
Put eqn 1 into eqn 2 48 + Z + 4 = 9Z 52 + Z = 9Z 52 = 9Z - Z 52 = 8Z Z = 52 ÷ 8 Z = 6.5
So, average of the expenditure is $6.5
Answer: $6.5
BY Riddles Repository - Answers
Warning: Undefined variable $i in /var/www/tg-me/post.php on line 283
Like a stock, you can buy and hold Bitcoin as an investment. You can even now do so in special retirement accounts called Bitcoin IRAs. No matter where you choose to hold your Bitcoin, people’s philosophies on how to invest it vary: Some buy and hold long term, some buy and aim to sell after a price rally, and others bet on its price decreasing. Bitcoin’s price over time has experienced big price swings, going as low as $5,165 and as high as $28,990 in 2020 alone. “I think in some places, people might be using Bitcoin to pay for things, but the truth is that it’s an asset that looks like it’s going to be increasing in value relatively quickly for some time,” Marquez says. “So why would you sell something that’s going to be worth so much more next year than it is today? The majority of people that hold it are long-term investors.”
At a time when the Indian stock market is peaking and has rallied immensely compared to global markets, there are companies that have not performed in the last 10 years. These are definitely a minor portion of the market considering there are hundreds of stocks that have turned multibagger since 2020. What went wrong with these stocks? Reasons vary from corporate governance, sectoral weakness, company specific and so on. But the more important question is, are these stocks worth buying?
