hey (in dollars) the company spent on medical support for its employees in the first three months of t ber of employees at the plants are also shown below. Complete parts a and b. Medical Employees $7,788 121 $14,371 409 weighted mean is $12,776 256 $6,874 107 Compute the weighted mean medical payments for these five plants using the numbers of employees $3,907 68 (Round to the nearest dollar as needed

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A corporation that operates five suppliers of athletic apparel in a region provides merchandise for a shoe company. The
shoe company recently sought information from the five plants. One variable for which data were collected was the total
money (in dollars) the company spent on medical support for its employees in the first three months of the year. Data on
number of employees at the plants are also shown below. Complete parts a and b.
Medical
Employees
$7,788
121
$14,371
409
$12,776
256
$6,874
107
$3,907 O
68
a. Compute the weighted mean medical payments for these five plants using the numbers of employees as the weights.
The weighted mean is $. (Round to the nearest dollar as needed.)
Transcribed Image Text:A corporation that operates five suppliers of athletic apparel in a region provides merchandise for a shoe company. The shoe company recently sought information from the five plants. One variable for which data were collected was the total money (in dollars) the company spent on medical support for its employees in the first three months of the year. Data on number of employees at the plants are also shown below. Complete parts a and b. Medical Employees $7,788 121 $14,371 409 $12,776 256 $6,874 107 $3,907 O 68 a. Compute the weighted mean medical payments for these five plants using the numbers of employees as the weights. The weighted mean is $. (Round to the nearest dollar as needed.)
Expert Solution
Step 1

Giving

From the given table

Formula for

weighted mean =(summation of fi *xi)/summation of fi)

 

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