Average Monthly Expenditures

Front

What is the formula to calculate the average monthly expenditure?

Back

Average Monthly Expenditure = (Total Expenditures) / (Number of Months)

Front

If Jim's monthly expenses are $1,540, $1,899, $1,756, and $2,244, what is his average monthly expenditure?

Back

$1,859.75

Front

What is the average of the following monthly expenditures: $2,165, $2,531, $1,896, $2,354?

Back

$2,236.50

Front

How do you find the average of three numbers?

Back

Add the three numbers together and divide by 3.

Front

Calculate the average monthly expenditure for the following amounts: $1368.22, $1365.00, $1337.21.

Back

$1356.81

Front

What is the average monthly expenditure for May ($1,789.75), June ($1,741.36), July ($1,707.85), August ($1,751.63), September ($1,811.75)?

Back

$1,760.47

Front

If the Gillen's expenditures for three months are $2,567.05, $2,678.16, and $2,781.57, what is their average monthly expenditure?

Back

$2,675.59

Front

What does 'expenditure' mean in the context of monthly expenses?

Back

Expenditure refers to the amount of money spent on goods and services in a given period.

Front

Why is it important to calculate average monthly expenditures?

Back

It helps in budgeting and understanding spending habits.

Front

What is the significance of rounding in average calculations?

Back

Rounding helps simplify numbers for easier understanding and communication.