Question
A footwear retailer sold 9 pairs of sneakers for $50 each, 13 pairs of leather shoes for $150 each, 4 pairs of boots for $215
A footwear retailer sold 9 pairs of sneakers for $50 each, 13 pairs of leather shoes for $150 each, 4 pairs of boots for $215 each, and 9 pairs of sandals for $10 each.
a. What is the weighted average price of the footwear sold?
Round to the nearest cent
b. What is the simple arithmetic average?
Round to the nearest cent
c. Which method is the most suitable for determining the average price of the footwear sold by the retailer?
Weighted average
Simple arithmetic average
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Elementary Statisitcs
Authors: Barry Monk
2nd edition
1259345297, 978-0077836351, 77836359, 978-1259295911, 1259295915, 978-1259292484, 1259292487, 978-1259345296
