Answer:
Step-by-step explanation:
We are expected to solve the weighted average price per kilowatt hour.
Step one:
The formula is ย
W =โwX/โw
W=weighted average ย
w=weights applied to x values
X=data values to be averaged
Step two:
given the total killowatt hour is 1800
the 1st = 500 at 3ยข
2nd= 1000 at 2ยข
3rd = (1800-1000+500) at 1ยข =(1800-1500) at 1ยข = (300) at 1ยข
Step two:
Substituting into the expression we have
W =(500*3)+(1000*2)+(300*1)/500+1000+300
W=1500+2000+300/1800
W=3800/1800
W=2.11ยข
The average price per kilowatt hour the utility paid to Mr. Vestas last month is 2.11ยข