Answered: The average dividend declared by a…

The average dividend declared by a group of 10 chemical companies was 18 per cent. Later on it was discovered that one correct figure, 12, was misread as 22. Find the correct average dividend.

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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The average dividend declared by a group of 10 chemical companies was 18 per
cent. Later on it was discovered that one correct figure, 12, was misread as 22.
Find the correct average dividend.

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