I passed my MA exam yesterday thanks to your lectures!
Thinking about the exam today this question did come up!
Residential block has 30 apartment of which 29 are occupied .The mean annual salary is $27000. The last apartment is then occupied by resident with an annual salary of $26100 What would be the new annual mean salary of the residents.
Opening inv is 175k Production is 2,275.000 Less: Closing 150k
My calculator and manual workings show that the total is £2,300.00. How did you get to 2,250.000 as an answer. I feel silly for asking this, but I dont know what im doing wrong.