Northern
Transport has 86 drivers each earning $23.85 per hour, 14 clerical staff
members each...

Question

Northern
Transport has 86 drivers each earning $23.85 per hour, 14 clerical staff
members each earning $18.50 per hour, and 8 mechanics each earning $35.50 per
hour. 

a. What is
the simple average of the three hourly rates? 

b. Calculate
the weighted average hourly rate earned by the three categories of employees.

Vishali · Accepted Answer

a) Simple Average- It is defined as sum of values divided by total number of values. It is used when each of data point contribute equally to the final average.
Simple Average=
In it, we gave all items same importance.
Simple Average===$25.95
Hence,

Northern Transport has 86 drivers each earning $23.85 per hour, 14 clerical staff members each earning $18.50 per hour, and 8 mechanics each earning $35.50 per hour. a. What is the simple average of...

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