Earnings per share. The earnings per share​ (in dollars) for 12 companies selected at random from the list of Fortune 500 companies​ are:
0.53
0.55
6.07
6.65
1.85
8.42
6.79
6.54
1.91
1.59
8.48
8.49
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Part 1
a. Find the mean of the earnings per share. ​$

enter your response here
​(Type an integer or a decimal. Round to two decimal​ places.)

To find the mean of the earnings per share, we sum all the values and then divide by the number of companies.

Given values: 
\[ 0.53, 0.55, 6.07, 6.65, 1.85, 8.42, 6.79, 6.54, 1.91, 1.59, 8.48, 8.49 \]

Let's calculate the mean:

\[
\text{Mean} = \frac{0.53 + 0.55 + 6.07 + 6.65 + 1.85 + 8.42 + 6.79 + 6.54 + 1.91 + 1.59 + 8.48 + 8.49}{12}
\]

Now, I'll compute this.The mean of the earnings per share for the 12 companies is **$4.82**.

Do you want more details on this calculation or have any questions?

Here are 8 related questions that might interest you:
1. How is the median of a dataset calculated?
2. What is the mode, and how would it apply to this data?
3. Can you explain how standard deviation is calculated?
4. What is the range of the earnings per share in this dataset?
5. How would removing an outlier affect the mean?
6. How do you calculate the variance of this dataset?
7. How do different measures of central tendency compare?
8. What would be the mean if we added another data point?

**Tip:** Always round to two decimal places when reporting financial data to maintain consistency and clarity.

Learn how to calculate the mean earnings per share for 12 companies selected from the Fortune 500 list. Follow our step-by-step guide with detailed computations and rounded to two decimal places. Understand the basic concepts of mean calculation and apply them to financial data.

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