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Daily income (in) of 10 families (of two colonies) as found in a survey is listed below. Find the mean daily income of the families in each case. Colony A: 335, 457, 507, 234, 365, 410, 258, 378, 552, 424?
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Mean Daily Income of Families in Two Colonies

Given: Daily income (in) of 10 families (of two colonies) as found in a survey is listed below.

Colony A: 335, 457, 507, 234, 365, 410, 258, 378, 552, 424

To Find: Mean daily income of the families in each case.

Solution:
To find the mean or average, we must add up all the numbers and divide by the total number of numbers.

Mean of Colony A:
335 + 457 + 507 + 234 + 365 + 410 + 258 + 378 + 552 + 424 = 3,520
Mean = 3,520 ÷ 10 = 352

Therefore, the mean daily income of families in Colony A is 352.

We can use the same method to find the mean daily income of Colony B if we are given the daily incomes of the families in that colony.

Explanation:
The mean daily income is the average income earned by the families in a particular colony. In this case, we are given the daily incomes of the families in Colony A and we need to find the mean.

To find the mean, we add up all the daily incomes and divide by the total number of families. This gives us the average daily income earned by the families in the colony.

The mean is a useful measure of central tendency because it gives us an idea of the typical income earned by the families in the colony. It is important to note that the mean can be affected by outliers or extreme values, so it is important to look at other measures of central tendency such as the median and mode to get a more complete picture of the data.
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Daily income (in) of 10 families (of two colonies) as found in a survey is listed below. Find the mean daily income of the families in each case. Colony A: 335, 457, 507, 234, 365, 410, 258, 378, 552, 424?
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