Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A vending machine operator knows that her 6 vending machines in a Kuwaiti shopping centre produce an average daily revenue of KWD 125 (Kuwaiti Dinar).

A vending machine operator knows that her 6 vending machines in a Kuwaiti shopping

centre produce an average daily revenue of KWD 125 (Kuwaiti Dinar). She adds a 7th

machine that generates an average revenue of KWD 140 (the remaining machines continue

to produce the amounts). What is the new average for all her machines?

a. KWD 126.9

b. KWD 127.0

c. KWD 127.1

d. KWD 127.2

Show me the calculation?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Research Methods Design And Analysis

Authors: Larry Christensen

13th Edition

0205961258, 978-0205961252

More Books

Students also viewed these Economics questions

Question

What property does the correlation coefficient measure?

Answered: 1 week ago

Question

8. What values do you want others to associate you with?

Answered: 1 week ago