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Exercise 2: Find the weighted mean price of three models of automobiles sold. The number and price of each model sold are shown in this list. Model Number Price A 7 $20,000 B 8 $22,000 C 10 $18,000 (Hint: Let X be the Price and f (frequency) the Number, for each Model.)

          Exercise 2: Find the weighted mean price of three models of automobiles sold. The
number and price of each model sold are shown in this list.
Model
Number
Price
A
7
$20,000
B
8
$22,000
C
10
$18,000
(Hint: Let X be the Price and f (frequency) the Number, for each Model.)
        
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Exercise 2: Find the weighted mean price of three models of automobiles sold. The
number and price of each model sold are shown in this list.
Model
Number
Price
A
7
20,000
B
822,000
C
10
18,000
(Hint: Let X be the Price and f (frequency) the Number, for each Model.)

Added by Henry M.

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Elementary Statistics a Step by Step Approach
Elementary Statistics a Step by Step Approach
Allan G. Bluman 9th Edition
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Exercise 2: Find the weighted mean price of three models of automobiles sold. The number and price of each model sold are shown in this list. Model A B C Number 7 8 10 Price $20,000 $22,000 $18,000 (Hint: Let X be the Price and f (frequency) the Number, for each Model.)
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Transcript

-
00:01 Okay, so i see that you need help with this problem, and it says find the weighted mean price of the three models of the automobile sold.
00:09 So there's eight at the 10 ,000 price.
00:14 So eight times 10 is 80 ,000.
00:18 Then there is 10 at the 12 ,000 price range.
00:24 So that is 120 ,000.
00:28 Then there is 12 at the 8 .000.
00:32 Thousand dollar price so 12 times 8 ,000 is 96 ,000 so i'm going to add up all of those numbers so 80 ,000 plus 120 ,000 plus 96 ,000 is 296 ,000 and i'm going to add up 810 and 12 and that's 30...
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