What Is the Weighted Mean Frequency for the Following Car

question 93

Multiple Choice

What is the weighted mean frequency for the following car sales (round answer to nearest whole dollar) ? 2 sold at $25,090, 3 sold at $20,000, 1 sold at $21,475, and 1 sold at $39,638

• A)$24,740
• B)$24,000
• C)$21,241
• D)$24,470
• E)None of these

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Definitions:

Smallest Term

The term within a mathematical expression, sequence, or series that has the least value.

Ratio

A mathematical representation of the relationship between two numbers or quantities, indicating how many times one is as large as the other.

Lowest Terms

The expression of a fraction in its simplest form, where the numerator and denominator are as small as possible.

Ratio

A mathematical way to compare two quantities, indicating how many times one value contains or is contained within the other.