What is the mean of the data set 125, 234, 152, 340, 204?

To determine the mean of the data set, you'll first want to sum all the numbers together and then divide that total by the quantity of numbers in the set.

Let's calculate the sum of the numbers in the data set:

125 + 234 + 152 + 340 + 204 = 1,055.

Next, since there are five numbers in the data set, you divide the total sum by 5 to find the mean:

1,055 ÷ 5 = 211.

This computation shows that the mean of the data set is indeed 211. Knowing how to properly calculate the mean (which is essentially the average) is crucial in risk management, as it allows you to understand central tendencies and data distributions.

In risk management practices, understanding metrics such as the mean can help professionals gauge the expected value in various scenarios, make informed decisions based on data, and conduct more effective analysis overall.