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State whether each sentence is true or false. If false, replace the underlined term to make a true sentence.

The weighted average of a set of data is the sum of the product of the number of units and the value per unit divided by the sum of the number of units.

Short Answer

Expert verified

The given statement is true.

Step by step solution

01

Step 1. Given Statement.

The weighted average of a set of data is the sum of the product of the number of units and the value per unit divided by the sum of the number of units.

02

Step 2. Weighted average.

The weighted average of a set of data is defined as the sum of the product of the number of units and the value per unit divided by the sum of the number of units.

03

Step 3. Description of step.

According to the definition of the weighted average, it is defined as the sum of the product of the number of units and the value per unit divided by the sum of the number of units.

Thus the given statement is true.

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