Question
Download Solution PDFStudy the given table and select the most appropriate option to fill in the blanks.
Consider the data of sales of products, A, B and C, by three companies, X, Y and Z, in the table given below.
|
Product → Company ↓ |
A | B | C |
| X | 2750 | 3250 | 2250 |
| Y | 2500 | 3000 | 1750 |
| Z | 3500 | 3150 | 2400 |
The highest average sale per company is for the product _______ and the lowest average sale per product is for the company _______.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFFormula Used:
Average sale per product = (Sum of sales for the product by all companies) ÷ 3
Total sales per company = Sum of sales for all products by the company
Calculations:
Step 1: Calculate the average sale per product.
Product A: (2750 + 2500 + 3500) ÷ 3 = 2916.67
Product B: (3250 + 3000 + 3150) ÷ 3 = 3133.33
Product C: (2250 + 1750 + 2400) ÷ 3 = 2133.33
⇒ The highest average sale per company is for the product B.
Step 2: Calculate the total sales per company.
Company X: 2750 + 3250 + 2250 = 8250
Company Y: 2500 + 3000 + 1750 = 7250
Company Z: 3500 + 3150 + 2400 = 9050
⇒ The lowest average sale per product is for the company Y.
∴ The highest average sale per company is for the product B and the lowest average sale per product is for the company Y.
Last updated on Jun 26, 2025
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