Find the Weighted Mean Per Capita Income for the Following

question 118

Essay

Find the weighted mean per capita income for the following random sample of six cities in the Midwest.
$\begin{array}{|l|r|r|}\hline \text { City } & \text { Population }&\text { Per Capita Income } \\\hline \text { A } & 540,000 &\$26,338 \\\hline \text { B } & 1,250,000 &\$ 28,455 \\\hline \text { C } & 325,000 &\$ 36,574 \\\hline \text { D } & 2,461,000 &\$ 33,690 \\\hline \text { E } & 845,000&\$ 31,998 \\\hline \text { F } & 620,000&\$ 29,442 \\\hline\end{array}$

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Definitions:

Equity Financing

Exchanging ownership shares for outside investment monies.

Ownership Shares

Portions of equity in a company or financial assets which demonstrate an individual's or entity's part ownership.

Creativity

The ability to generate new and original ideas, solutions, or products.

Initiative

The ability to assess and initiate things independently, often leading to action without direct orders.