Weights for these numbers and comparing the weighted average

Assignment Help Business Economics

Reference no: EM13734399

Prove that every weighted average of three numbers x1 < x2 < x3 (with strictly positive weights) is less than x3. Do this by giving letter labels to possible weights for these numbers and comparing the weighted average of x1, x2, x3 to x3.

Reference no: EM13734399

Questions Cloud

Important decisions that must be made in planning : Discuss the most important decisions that must be made in planning and organizing

Explain the major critics of how unemployment is measured : Explain the three main topics that macroeconomics is concerned with. Explain the major critics of how unemployment is measured. Explain how consumption and savings are correlated. Please explain the causality of one variable on the other (use a graph..

Constructing remote-controlled cars to sell to hobbyists : botco, inc. is constructing remote-controlled cars to sell to hobbyists. After doing some analysis, botco's chief economist reported that, at the current level of output per month, the marginal benefit for making remote-controlled cars exceeds the ma..

Characteristic appropriate for a yield management strategy : _____ is NOT a characteristic appropriate for a yield management strategy.

Weights for these numbers and comparing the weighted average : Prove that every weighted average of three numbers x1

The inflation rate-what are the weights : The inflation rate from 2010 to 2011 for a good j is defined to be Ij = (Pj/pj) ? 1, where pj was the price in 2010 and Pj was the price in 2011 (assuming for simplicity that the prices stayed fixed throughout each given year.

Accounting capstone project : how you have in the past or will in the future use these transferrable skills in your professional communications in practice as you complete this assignment.

What is the price elasticity of demand : If the price of cheese is marked down during a sale by 20% and in response the quantity demanded (sales) increase from 30 packages to 45 packages what is the price elasticity of demand? Is demand elastic or inelastic?

Do firms that use good ethical practices have an advantage : Do firms that use good ethical practices have an advantage or disadvantage? Do you think consumers will pay a few cents more for non-polluting soap or environmentally friendly food products? Even popular movies have raised this question

User Account

All Pages