The arithmetic mean of 5 items is 7, but on checking it was found that two items were written as 4 and 8 in place of 5 and 9 respectively. Calculate correct arithmetic mean.
Incorrect ΣX
= 7 × 5 = 35
Correct ΣX = 35- 4- 8 + 5 + 9 = 37
Correct = 37/5 = 7.4