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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
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 | 1300 | 30 |
Top Wear | 1800 | 45 |
Smith Shirts | 1400 | 40 |
New Design | 2000 | 35 |
Radical Wear | 1400 | 50 |
Calculate to 2 decimal places the weighted mean that represents the average price paid for these 8000 shirts.
Weighted mean = $
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