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

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

Question Posted: