A clothing store bought 8000 shirts last year from five different companies. The following table lists the number of shirts bought from each company and the price paid for each shirt.
|
Company
|
Number of Shirts Bought
|
Price per Shirt (dollars)
|
|
Best Shirts
|
1200
|
30
|
|
Top Wear
|
1900
|
45
|
|
Smith Shirts
|
1400
|
40
|
|
New Design
|
2200
|
35
|
|
Radical Wear
|
1300
|
50
|
Calculate to 2 decimal places the weighted mean that represents the average price paid for these 8000 shirts.
Weighted mean = $
the tolerance is +/-2%