Mathematics: In June an investor purchased 250 shares of Oracle (an information technology company) stock at $20 per share. In August she purchased an additional 400 shares at $27 per share. In November she purchased an additional 590 shares at $29 per share. What is the weighted mean price per share? (Round your answer to 2 decimal places. Omit the $ sign in your response.)

In June an investor purchased 250 shares of Oracle - id2505103509, stackpoolekrysp71si4

Ответ:

sidneydominguez2323

18.01.2022

Mathematics

Weighted mean = 26.54

Step-by-step explanation:

We are given the following in the question:

June:

250 shares of Oracle stock at $20 per share.

August:

400 shares at $27 per share.

November:

590 shares at $29 per share.

We have to calculate weighted mean price per share.

Formula:

$\text{Weighted mean} = \displaystyle\frac{\sum w_ix_i}{\sum w_i}\\\\\sum w_ix_i = 250(20) + 400(27) + 590(29) = 32910\\\\\sum w_i = 250 + 400 +590 = 1240\\\\\text{Weighted mean} = \frac{32910}{1240} = 26.54$

The weighted mean share price is $26.54

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Ответ:

reginaldlegette

10.07.2021

Mathematics

Okay, since the problem states that they're going to make 4 times the recipe and the recipe is 2/3, You have to multiply 2/3 x 4/1 which equals to 8/3, When you convert it into a mixed numbe you have 2 2/3, Hope I helped.

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