A school district is considering where in town to house its central office (The office must also be located at an existing school for cost reasons). If there are five schools in the district, with locations and size given in the following table, use the COG method to determine at which school the central office should be placed to minimize the average distance between the office and students.
Definitions:
Induced Consumption
Consumer spending that increases when income increases, and decreases when income decreases, reflecting behavioral responses to changes in income.
Disposable Income
The amount of money left for households to use on saving and spending after income taxes are covered.
Savings Rate
The proportion of disposable income that is saved rather than spent by individuals or households.
1990s
The 1990s, a decade spanning from 1990 to 1999, was characterized by significant global events, technological advancements, and cultural shifts.
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