During the past six months, a purchasing agent placed the following three orders for coal.Tons of Coal2,700$26.704,5002,000$92.00Price Per Ton$87.4337What is the weighted arithmetic mean price per ton?Multiple Choice$87.43$70.60$68.65$89.36

Formula used. Weighted arithmetic mean =∑Xi*wi/∑Wi Please find the explanation below.

Answered: During the past six months, a…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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During the past six months, a purchasing agent placed the following three orders for coal. Tons of Coal 2,700 $26.70 4,500 $87.43 2,000 $92.00 Price Per Ton 37 What is the weighted arithmetic mean price per ton? Multiple Choice $87.43 $70.60 $68.65 O $89.36