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a . Compute the weighted average for the annual medical costs at the five plants using the numbers of employees as the weights. The weighted
a Compute the weighted average for the annual medical costs at the five plants using the numbers of employees as the weights. The weighted average is $Round to the nearest dollar as needed.
b Explain why the company would want to use a weighted average in this situation rather than a simple average of the five medical cost values.
A The weighted average takes into account the variation in the data instead of only providing a measure of central tendency.
B The weighted average takes into account extreme values and is therefore a more reasonable measure of the average payments than would be an unweighted average.
D The weighted average takes into account both the mean and the median of the data, instead of only providing the simpler measure of only the mean.
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