A management consulting firm charges clients based on three staff tiers: Junior Consultants, Senior Consultants, and Directors. Junior Consultants are billed at a rate of per hour, Senior Consultants at per hour, and Directors at per hour. On a strategic assignment, the ratio of hours worked by Junior Consultants to Senior Consultants to Directors was , respectively. What was the overall average hourly billing rate per consultant hour for this assignment?
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Cevap
The overall average hourly billing rate per consultant hour for the assignment is .
The weighted average is found by multiplying each tier's rate by its corresponding ratio weight, summing these products, and dividing by the sum of the ratio weights: .
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Anahtar Kavram
Weighted Average formula: , where represents the weight of each component and represents the value of each component.
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