Nationwide income from monthly sales data (rounded to the nearest $100,000) of Stay Flat vacuum hold-down tables
Question:
Nationwide income from monthly sales data (rounded to the nearest $100,000) of Stay Flat vacuum hold-down tables for last year is shown below. Determine the expected value of the monthly income, if economic conditions remain the same.
Income $ per Month Number of Months
500,000 .......................... 4
600,000 .......................... 2
700,000 .......................... 1
800,000 .......................... 2
900,000 .......................... 3
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