Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An auto supplies company has retail stores located in eight cities in California. The price they charge for a particular product in each city varies

An auto supplies company has retail stores located in eight cities in California. The price they charge for a particular product in each city varies because of differing competitive conditions. For instance, the price they charge for a case of a popular brand of motor oil in each city follows. Also shown are the number of cases that the company sold last quarter in each city.

City Price ($) Sales (cases)
Bakersfield 34.99 501
Los Angeles 38.99 1,355
Modesto 36.00 214
Oakland 33.59 892
Sacramento 40.99 625
San Diego 38.59 1,148
San Francisco 39.59 1,674
San Jose 37.99 859

Compute the average sales price per case for this product during the last quarter. (Round your answer to two decimal places.)$

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

Linear Algebra With Applications

Authors: W. Keith Nicholson

7th Edition

978-0070985100, 70985103

More Books

Students also viewed these Mathematics questions

Question

Describe the process of recording the disposal of a fixed asset.

Answered: 1 week ago