Answer :
The company spent average amount $678.57 per article.
Average spent per article is calculated using the formula -
Average = sum of all observations ÷ total number of observations
In the question, observations are the different items bought by the company.
Amount spent on sample merchandise = 5 × 450
Amount spent on sample merchandise = $2250
Amount spent on sample signs = 4 × 750
Amount spent on sample signs = $3000
Amount spent on chromebooks = 12 × 750
Amount spent on chromebooks = $9000
Total amount spent = 2250 + 3000 + 9000
Total amount spent = $14,250
Number of articles = 5 + 4 + 12
Number of articles = 21
Average = 14,250 ÷ 21
Average = $678.57
Thus, the average spent per article is $678.57.
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