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  • Weighted Mean and Pie Chart Creation

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    Rifa Ety
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    The document discusses calculating the weighted mean to find the average price of drinks sold at a Wendy's restaurant. Of the last 10 drinks sold, 3 were medium priced at $1.84, 4 were large priced at $2.07, and 3 were Biggie-sized priced at $2.40. To find the weighted mean price, the formula takes into account the number of drinks sold at each price.

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    Weighted mean and Pie Chart Creation

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    The document discusses calculating the weighted mean to find the average price of drinks sold at a Wendy's restaurant. Of the last 10 drinks sold, 3 were medium priced at $1.84, 4 were large priced at $2.07, and 3 were Biggie-sized priced at $2.40. To find the weighted mean price, the formula takes into account the number of drinks sold at each price.

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    10 views3 pages

    Weighted Mean and Pie Chart Creation

    Uploaded by

    Rifa Ety
    The document discusses calculating the weighted mean to find the average price of drinks sold at a Wendy's restaurant. Of the last 10 drinks sold, 3 were medium priced at $1.84, 4 were large priced at $2.07, and 3 were Biggie-sized priced at $2.40. To find the weighted mean price, the formula takes into account the number of drinks sold at each price.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 3

    THE WEIGHTED MEAN:

    The weighted mean is a convenient way to compute the arithmetic mean when there are
    several observations of the same value. To explain, suppose the nearby Wendy’s
    Restaurant sold medium, large, and Biggie-sized soft drinks for $1.84, $2.07, and $2.40,
    respectively. Of the last 10 drinks sold, 3 were medium, 4 were large, and 3 were Biggie-
    sized.
    To find the mean price of the last 10 drinks sold, we could use the formula of weighted
    mean.
    How to Create a Pie Chart:
    The pie chart formula is given as

    (Given Data/Total value of Data) × 360°

    Example: A teacher surveys her class based on the favorite sports of students:

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