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Question
A sample of five Fortune 500 companies showed the following revenues ($ millions): 7505.0, 2904.7, 7208.4, 6819.0, and 19500.0. Based on this information, which of the following statements is correct?a. An estimate of the average revenue for all Fortune 500 companies is 8787.42 ($ millions).
b. The average revenue for all Fortune 500 companies is 8787.42 ($ millions).
c. Over half of all Fortune 500 companies earn at least 7208.4 ($ millions) in revenues.
d. If five other Fortune 500 companies were chosen, the average revenue would be 8787.42 ($ millions).
Answer
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