Solution-Weighted mean that represents the average price

Weighted mean that represents the average price

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Reference no: EM131243928

A clothing store bought 8000 shirts last year from five different companies. The following table lists the number of shirts bought from each company and the price paid for each shirt.

Company	Number of Shirts Bought	Price per Shirt (dollars)
Best Shirts	1200	30
Top Wear	1900	45
Smith Shirts	1400	40
New Design	2200	35
Radical Wear	1300	50

Calculate to 2 decimal places the weighted mean that represents the average price paid for these 8000 shirts.

Weighted mean = $

the tolerance is +/-2%

Reference no: EM131243928

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Weighted mean that represents the average price

Reference no: EM131243928

Reference no: EM131243928

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