Investments per employee for a utiliy-plant are asfollows Year Amount No.of empl
ID: 2914429 • Letter: I
Question
Investments per employee for a utiliy-plant are asfollows Year Amount No.of employees 1996 $453,000 3,876 1997 $492,400 3,874 1998 $498,900 4,115 1999 $531,900 4.252 2000 $553,900 4,364 2001 $573,300 4,428 Using the annual number of employees as weights, what is theweight mean for annual utility-plant investment per emplyee duringthis six year period? Investments per employee for a utiliy-plant are asfollows Year Amount No.of employees 1996 $453,000 3,876 1997 $492,400 3,874 1998 $498,900 4,115 1999 $531,900 4.252 2000 $553,900 4,364 2001 $573,300 4,428 Using the annual number of employees as weights, what is theweight mean for annual utility-plant investment per emplyee duringthis six year period?Explanation / Answer
The formula for weighted average is wixi / wi xi wi Sum(wi xi) 1996 453,000 3,876 1,755,828,000 1997 492,400 3,874 1,907,557,600 1998 498,900 4,115 2,052,973,500 1999 531,900 4,252 2,261,638,800 2000 553,900 4,364 2,417,219,600 2001 573,300 4,428 2,538,572,400 24,909 12,933,789,900 So from this table, the weighted average is 12933789900/24909= 519,241.6 xi wi Sum(wi xi) 1996 453,000 3,876 1,755,828,000 1997 492,400 3,874 1,907,557,600 1998 498,900 4,115 2,052,973,500 1999 531,900 4,252 2,261,638,800 2000 553,900 4,364 2,417,219,600 2001 573,300 4,428 2,538,572,400 24,909 12,933,789,900Related Questions
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