Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

streetthunder

  • 4 years ago

A company decided to sell chocolates bars at the value of the weighted mean of price. How do i calculate weighted mean of price using sales as the weight? For how much should the company sell its chocolate bar? for example Price Sales 2.50 125 3.75 316 4.25 471 5.10 128

  • This Question is Closed
  1. jsallady
    • 4 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    I believe the point of this question is to find what the average bar should sell for. Then you would take the sum \[(\sum(price)*(sales))\div sales\] or (2.50*125) + (3.75*316) + ... + (5.10)*(128) ------------------------------------- 125+316+...+128

  2. streetthunder
    • 4 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    how do i find the part where how much should the company sell its chocolate bars?

  3. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy