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This graph shows the annual profits, in thousands of pounds, of the farm between 2013 and 2017 - OCR - GCSE Maths - Question 6 - 2018 - Paper 2

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This graph shows the annual profits, in thousands of pounds, of the farm between 2013 and 2017. ![Graph depicting annual profits of the farm between 2013 and 2017]

Worked Solution & Example Answer:This graph shows the annual profits, in thousands of pounds, of the farm between 2013 and 2017 - OCR - GCSE Maths - Question 6 - 2018 - Paper 2

Step 1

Identify Profit Values

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Answer

From the graph, we observe the profits for the years 2013 to 2017 as follows:

  • 2013: 80 thousand pounds
  • 2014: 85 thousand pounds
  • 2015: 90 thousand pounds
  • 2016: 70 thousand pounds
  • 2017: 110 thousand pounds

Step 2

Calculate the Average Profit

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Answer

To find the average profit over the 5 years, we sum the profits and divide by the number of years:

extAverageProfit=80+85+90+70+1105=4355=87 thousand pounds ext{Average Profit} = \frac{80 + 85 + 90 + 70 + 110}{5} = \frac{435}{5} = 87 \text{ thousand pounds}

Step 3

Analyze Profit Trend

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Answer

The profits show an overall increase from 2013 to 2017. Notably, there is a dip in 2016, but the profit significantly increases again in 2017. This indicates a positive trend in profitability for the farm over the observed period.

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