Determining weighted mean of investment

Assignment Help Basic Statistics
Reference no: EM1392997

According to the Scranton Edison Company, utility-plant investment per employee was approximately $453,300; $492,400; $498,900; $531,900; $553,900; and $573,300 for the years 1996 through 2001, respectively. The number of employees working at the plant at the end of the year was 3,876; 3,874; 4,115; 4,252; 4,364; and 4.428, respectively. Using the annual number of employees as weights, what is the weighted mean annual utility-plant investment per employee during this six-year period?

Reference no: EM1392997


Write a Review

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd