Question

a company has 14 employees with a salary of $21,400. 12 employees with a salary of $23,700. 17 employees with a salary of $26,100. 2 employees with a salary of $31,700. 5 employees with a salary of $39,700 and 1 employees with a salary of $148,900 find the mean for the employees (round to the nearest hundred as needed)

Answer 1

We know that

• There are 14 employees with a salary of $21,400.

,

• 12 employees with a salary of $23,700.

,

• 17 employees with a salary of $26,100.

,

• 2 employees with a salary of $31,700.

,

• 5 employees with a salary of $39,700.

,

• 1 employee with a salary of $148,900.

To find the mean, we have to sum all the salaries first.

$21400+23700+26100+31700+39700+148900=291500$

Then, we divide the sum by the total number of employees.

$\bar{x}=\frac{291,500}{14+12+17+2+5+1}=\frac{291,500}{51}=5,715.67$

Hence, the mean is $5,715.67, approximately.