The following table shows prices per 100 gram of tea of different brands using quantity as weight. Find out weighted arithmetic mean of prices.
Price per 100 gram in Rs. |
Quantity |
2.50 3.00 3.50 4.00 4.25 5.00 |
10 8 8 4 4 2 |
X |
W |
WX |
2.50 3.00 3.50 4.00 4.25 5.00 |
10 8 8 4 4 2 |
25.00 24.00 28.00 16.00 17.00 10.00 |
Σ W = 36 |
Σ WX = 120.00 |