A call center has four categories of employees, each paid a particular wage. Managers are paid $27
Question:
A call center has four categories of employees, each paid a particular wage. Managers are paid $27 an hour, clerks $18 an hour, technicians $22 an hour, and administrative assistants $16 an hour. The call center has 3 managers, 22 clerks, 4 technicians, and 6 administrative assistants. Calculate the average pay per employee based on:
a. Simple arithmetic average. Round your answer to the nearest cent.
b. Weighted average (category of employees). A footwear retailer sold 10 pairs of sneakers for $50 each, 14 pairs of leather shoes for $150 each, 3 pairs of boots for $225 each, and 6 pairs of sandals for $25 each. Calculate the average price of shoes sold based on:
a. Weighted average.
b. Simple arithmetic average. Which method is more suitable in this situation and why?
AppendixLO1
Step by Step Answer:
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans