Prove that every weighted average of three numbers x1 lt x2
Prove that every weighted average of three numbers x1 < x2 < x3 (with strictly positive weights) is less than x3. Do this by giving letter labels to possible weights for these numbers and comparing the weighted average of x1, x2, x3 to x3.
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the inflation rate from 2010 to 2011 for a good j is defined to be ij pjpj 1 where pj was the price in 2010 and pj
prove that every weighted average of three numbers x1 lt x2 lt x3 with strictly positive weights is less than x3 do
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