Find the weighted and unweighted mean centers, and comment on the difference between your answers. Find the standard distance (weighted by population) for the 5 locations.
Find the weighted and unweighted mean centers, and comment on the difference between your answers. Find the standard distance (weighted by population) for the 5 locations.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Transcribed Image Text:c. Assuming that the study area is bounded by (0, 1) in the southwest and by (8, 11) in the
northeast, find the relative dispersion.
Transcribed Image Text:A new grocery store is to be located as closely as possible to the mean center of 5
residential areas. Given the following data,
х-сoord.
у соord.
Population
8
450
2
1200
1
3
620
6
2
360
4
210
a. Find the weighted and unweighted mean centers, and comment on the difference
between your answers.
b. Find the standard distance (weighted by population) for the 5 locations.
3,
2.
Expert Solution
Step 1: Weighted and unweighted mean Center
Above table shows values of weighted mean center = (2.60,3.40)
Table given above shows unweighted mean center = (3.2,4)
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