Answer: Finding the Weighted Mean In Exercise, find the

Chapter 2, Problem 43E

(choose chapter or problem)

Get Unlimited Answers
QUESTION:

Problem 43E

Finding the Weighted Mean In Exercise, find the weighted mean of the data.

Account Balance For the month of April, a checking account has a balance of $523 for 24 days, $2415 for 2 days, and $250 for 4 days. What is the account’s mean daily balance for April?

Questions & Answers

QUESTION:

Problem 43E

Finding the Weighted Mean In Exercise, find the weighted mean of the data.

Account Balance For the month of April, a checking account has a balance of $523 for 24 days, $2415 for 2 days, and $250 for 4 days. What is the account’s mean daily balance for April?

ANSWER:

Answer

Step 1 of 1

(a)

We are asked to find the weighted mean of the data.

For the month of April, a checking account has a balance of $523 for 24 days, $2415 for 2 days, and $250 for 4 days.

We are asked to find the account’s mean daily balance for April.

A weighted mean is the mean of a data set whose entries have varying weights.

The weighted mean is given by

where  is the weight of each entry

Add to cart


Study Tools You Might Need

Not The Solution You Need? Search for Your Answer Here:

×

Login

Login or Sign up for access to all of our study tools and educational content!

Forgot password?
Register Now

×

Register

Sign up for access to all content on our site!

Or login if you already have an account

×

Reset password

If you have an active account we’ll send you an e-mail for password recovery

Or login if you have your password back