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ATQ, we can say that Total expenditure of Mr. Sharma for January to June = 6 × 4200 = Rs 25200 Total expenditure of Mr. Sharma for the month February to June = 25200 – 1200 Rs 24000 Total expenditure of Mr. Sharma for the months February to July = 24000 + 1500 Rs 25500 ∴ Average expenditure for the months February to July = 25500/6 = Rs 4250
System by which information is collected, processed and presented to management to help it in making better decisions, is called?
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