Question

Your business has conducted four market research surveys in the past year. The cost per survey is as follows: Survey 1: $900, Survey 2: $1,200, Survey 3: $1,500, Survey 4: $1,700. What is the average cost of the market research surveys?

Answer 1

Answer:

1,325 is the average cost of surveys

Step-by-step explanation

add all of the survey costs and divide them by the total number of surveys

$\frac{900 + 1200 + 1500 + 1700}{4}$

= $1,325