A clothing store bought 8000 shirts last year from five different companies. The following table lists the

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A clothing store bought 8000 shirts last year from five different companies. The following table lists the number of shirts bought from each company and the price paid for each shirt.

Number of Price per Shirt Shirts Bought Company (dollars) 30 Best Shirts 1200 Top Wear 1900 45 Smith Shirts 1400 40 New

Calculate the weighted mean that represents the average price paid for these 8000 shirts.

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Related Book For answer-question

Introductory Statistics

ISBN: 9781119296935

9th Edition

Authors: Prem S. Mann

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Question Posted: May 17, 2019 08:56 AM

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A clothing store bought 8000 shirts last year from five different companies. The following table lists the

Question:

Number of Price per Shirt Shirts Bought Company (dollars) 30 Best Shirts 1200 Top Wear 1900 45 Smith Shirts 1400 40 New Design 2200 35 Radical Wear 1300 50

Step by Step Answer:

The weighted mean So th...View the full answer

Introductory Statistics

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