This chart shows the investment in 3 sectors i.e. manufacturing, services and defence over a period of five different years. All values are in lakhs (rupees).
In which year was the investment in the Service sector closest to the average investment in this sector for the 5 year period?
Formula Used:
Average =
Solution:
Service sector values from the chart:
2004: 120.41
2005: 121.47
2006: 187.98
2007: 205.67
2008: 119.35
Average = = 150.976
From the Option: Compare each year to average
Year | Investment | Difference from Avg. |
2004 | 120.41 | 30.57 |
2006 | 187.98 | 37.00 |
2007 | 205.67 | 54.69 |
2008 | 119.35 | 31.63 |
Thus, the closest year is 2004
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