The Split-A-Rail Fence Company sells three types of fence to homeowners in suburban Seattle, Washington. Grade A

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The Split-A-Rail Fence Company sells three types of fence to homeowners in suburban Seattle, Washington. Grade A costs $5.00 per running foot to install, Grade B costs $6.50 per running foot, and Grade C, the premium quality, costs $8.00 per running foot. Yesterday, Split-A-Rail installed 270 feet of Grade A, 300 feet of Grade B, and 100 feet of Grade C. What was the mean cost per foot of fence installed?

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Statistical Techniques in Business and Economics

ISBN: 978-1259666360

17th edition

Authors: Douglas A. Lind, William G Marchal

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