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sarahdrennan sarahdrennan
  • 04-04-2016
  • Mathematics
Answered

A stock decreased in price by $25 over 4 days. What was the mean daily decrease in price?

Verified Answer :

CmdrWinters
CmdrWinters CmdrWinters
  • 04-04-2016

A mathematical mean is the average of a group of numbers.

The mean daily decrease would be the total amount of decrease (in this case, $25) divided by the total amount of days it took to get there (in this case, 4).

25 / 4 = 6.25 = 6 \(\frac{1}{4}\)

The mean daily decrease in price would be 6 \(\frac{1}{4}\).
Hope that helped! =)

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