Find the Weighted Mean of a Set of Values A) 22
B) 38

question 24

Multiple Choice

Find the weighted mean of a set of values. Round to the nearest tenth. $$\begin{array} { | c | c | } \hline \text { Value of } x & \begin{array} { c } \text { The weights to } \\\text { the } x \text { values }\end{array} \\\hline 3 & 20 \\\hline 4 & 34 \\\hline 2 & 47 \\\hline 1 & 54 \\\hline\end{array}$$

• A) 2.2
• B) 38.8
• C) 15.5
• D) 2.5

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Definitions:

Cumulative

Referring to the aggregate or total amount accumulated over a period of time, often used in the context of dividends or records.

Preferred Stockholders

Investors who own preferred shares in a company, having priority over common stockholders in receiving dividends and assets upon liquidation.

Dividend

A portion of a company's earnings distributed to its shareholders, typically in cash or additional stock.

Drawing Account

A separate account used to track the amount of money or assets taken out of a business by its owners for personal use.