a family refers to a group of two or more people related by birth, marriage, or adoption who resided together. In 2000, in Country A the average family net worth was $390,000 and there were about 6.1*10^7 families. Calculate the total family net worth in Country A in 2000

Question

anonymous · Answer

For any data set, the average is equal to the sum of the number of values:
$$Average = \frac{ Sum }{ Number of values }$$Rearranging this we find that:
$$Sum=(Average)(Number of values)=($390000)(6.1 \times 10^7) \approx $2.4 \times 10^{13}$$