A shoe manufacturing company produces three types of children's shoes -- slippers, flip flops, and tennis shoes. Of all the children's shoes the company produces, 20% are slippers, 30% are flip flops, and 50% are tennis shoes. The cost to produce a pair of children's slippers is $3.75, the cost to produce a pair of flip flops is $1.30, and the cost to produce a pair of tennis shoes is $5.95. Finc the company's weighted mean tost to produce a pair of children's shoes. Round to the nearest cent. 3 points Percent of Children's Cost to Produce a Pair Type of Children's Shoe Shoes Produced 20% $3.75 Slippers 30% $1.30 Flip Flops 50% $5.95 Tennis Shoes
A shoe manufacturing company produces three types of children's shoes -- slippers, flip flops, and tennis shoes. Of all the children's shoes the company produces, 20% are slippers, 30% are flip flops, and 50% are tennis shoes. The cost to produce a pair of children's slippers is $3.75, the cost to produce a pair of flip flops is $1.30, and the cost to produce a pair of tennis shoes is $5.95. Finc the company's weighted mean tost to produce a pair of children's shoes. Round to the nearest cent. 3 points Percent of Children's Cost to Produce a Pair Type of Children's Shoe Shoes Produced 20% $3.75 Slippers 30% $1.30 Flip Flops 50% $5.95 Tennis Shoes
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Problem 1P
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Transcribed Image Text:A shoe manufacturing company produces three types of children's shoes -- slippers, flip flops, and
tennis shoes. Of all the children's shoes the company produces, 20% are slippers, 30% are flip
flops, and 50% are tennis shoes. The cost to produce a pair of children's slippers is $3.75, the cost
to produce a pair of flip flops is $1.30, and the cost to produce a pair of tennis shoes is $5.95. Find
the company's weighted mean tost to produce a pair of children's shoes. Round to the nearest
cent. 3 points
Percent of Children's
Cost to Produce a Pair
Type of Children's Shoe
Shoes Produced
Slippers
20%
$3.75
Flip Flops
30%
$1.30
50%
$5.95
Tennis Shoes
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