A residence cannot cost more than $80,000 in total.
Average is defined as the sum of all the numbers divided by all the numbers. The arithmetic mean is another name for it. The ratio of a set of numbers' sum to total count is used to define the average, which displays a single value.
Making decisions for both your personal and professional life can benefit from knowing the average of a group of values. You can make decisions about salaries, output, and purchases using the average value, commonly referred to as the mean. Additionally, it can be helpful in routine data-related tasks.
It is often calculated by dividing the total number of numbers in the list by the number of numbers in the list (the arithmetic mean).
5 houses cost an average of $60,000.
5 homes are priced at a total of $60,000*5=$300,000.
The least priced home costs $55,000.
We must reduce the cost of other items in order to determine the maximum price for a property.
The price of the extra three homes is $55,000 x 4 homes costing a total of $55,000 = $220,000.
A house might cost as much as $300,000 - $220,000
= $80,000.
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