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Weighted Averages
Weighted Averages
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The problems:
The problems:
The average annual profits for a small record company over its 20 year existence is $320,000.
If the company makes $500,000 in profits next year, what will their new average be?
If the company makes $500,000 in profits for the next three years, what will their new average be?
If the company makes $1,000,000 in profits every year from now on, after how many years will their average reach or surpass $500,000?
If the company wants to reach an average annual profit of $500,000 within 5 years, at least how much profit should they earn on average each of these five years?
Premise to Solutions:
Premise to Solutions:
Solution 1:
Solution 1:
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Solution 2:
Solution 3:
Solution 3:
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Solution 4:
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