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The Michael Painting Company has purchased paint from several suppliers. The purchase price per ...

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The Michael Painting Company has purchased paint from several suppliers. The purchase price per ...

The Michael Painting Company has purchased paint from several suppliers. The purchase price per gallon and the number of gallons purchased are shown below.

Supplier	Price Per Gallon ($)	Number of Gallons
A	23	700
B	25	200
C	29	100
D	27	200

Compute the weighted average price per gallon.

Textbook

Essentials of Statistics for Business and Economics

Edition: 7^th

Authors: Anderson, Sweeney, Williams, Camm, Cochran

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