Homework Answers
Mean = The total number of models is 15+6+11 = 33
The proportion of cars that are model a is 15/33
The proportion of cars that are model b is 6/33
The proportion of cars that are model c is 11/33
The weighted mean can be found by multiplying the proportion by the
price:
(15/33)*23,000 + (6/33)*16,000 + (18/33)*8,000 =
=10454.5455+2909.0909+4363.6364
=17727.27
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