Weighted mean, Example, Keys – HP 10B User Manual

Page 97

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im

3.357.38

3.783.25

Estimalcs sales if 7

minutes of advertising

were purchased.

Estimates sales if

8

minutes were purchased.

How many minutes of advertising should Ali’s buy to attain sales of

$3,000?

3000 |[^

6.16

Estimates minutes of

advertising required for

$3,000 in sales.

Weighted Mean

The following procedure calculates the weighted mean of data points.v¡,

^

2

,..

-tXn

occurring with weights >»

1

,^

2

»*

••>yn-

1. Use IINPUTI and [|+] to enter pairs. Thcy-valucs arc the weights

of the.r-values.

2. Press Bl.rw!.

Example.

A survey of 266 one*bedroom rental apartments reveals that

54 of them rent for $20() per month, 32 for $205,88 for $210, and 92 for

$216. What is the average monthly rent?

Keys:

■icQ]

210

Düüüfl

|[|^

Display:

54 f?Tl

0.00

1.00

32 gT]

2.00

88(13

3.00

92 g3

4.00

209.44

Description:

Clears statistics memory.

Enters first rent and its

weight,

EiUer.s second rent and

its weight.

Enters third rent and its

weight.

Enters fourth rent and its

weight.

Calculates weighted

mean.

94

7: Statistical Catculatlona

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