LAB 3 – Simple and Weighted Average

Question 1 of 7
The average of five numbers is 115. If four of the numbers are 118, 132, 145, and 104, what is the fifth
number? (76)

Question 2 of 7
The average of four rates is 8.40%. If three of the rates are 6.50%, 4.00%, and 13.50%, what is the fourth rate?
(9.60%)

Question 3 of 7
The average of six numbers is 70 and the average of three other numbers is 48. Find the average of all nine of
the numbers. (62.67)

Question 4 of 7
A footwear retailer sold 7 pairs of sneakers for $60 each, 11 pairs of leather shoes for $150 each, 5 pairs of
boots for $210 each, and 4 pairs of sandals for $30 each.
a. What is the weighted average price of the footwear sold? ($120.00)
b. What is the simple arithmetic average? ($112.50)
c. Which method is the most suitable for determining the average price of the footwear sold by the retailer?
Weighted average or Simple arithmetic average? (Weighted Average)
 LAB 3 – Simple and Weighted Average
Question 5 of 7
A call center has four categories of employees, each paid a particular wage. Managers are paid $25 an hour,
clerks are paid $20 an hour, technicians are paid $20 an hour, and administrative assistants are paid $14 an
hour. The call center has 3 managers, 20 clerks, 8 technicians, and 3 administrative assistants.
a. What is the simple arithmetic average of the hourly rates? ($19.75/h)
b. What is the weighted average of the hourly rates? ($19.91/h)

Question 6 of 7
Michelle invested 35% of her money in mutual funds, 35% in real estate, and 30% in stocks. If the value of the
money that she invested in mutual funds, real estate, and stocks grew by 4%, 6%, and 11% respectively, what
was the average growth on her total investment? (6.80%)

Question 7 of 7
A business math course is marked on four different components. The table lists the weights of the different
components and Christopher's marks on each of the component.
Component Weight Christopher's Mark
Online 20 80
Test 1 20 83
Test 2 20 88
Final 40 71

What is his overall course grade based on these weights and marks obtained? (78.60)