What is the weighted mean profit per delivery

Statistics

What is the weighted mean profit per delivery - a bottling company offers three kinds of delivery service - instant, same day and within 5 days. The profit per delivery varies according to the kind of delivery. The profit for an instant delivery is less than the other kinds because the driver has to go out directly to a grocery store with a small load and return to the plant.

How do you find out what effect each type of delivery has on the profit picture, the company has made the following tabulation based on deliveries from the previous quarter

Instant 100 deliveries during qtr. $70 profit

Same Day 60 deliveries during qtr. $100 profit

Within 5 days 40 $160 profit

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Statistics and Probability, Statistics

Category:- Statistics and Probability
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