Question

A company has 15 employees with a salary of $21,900, 10 employees with a salary of $24,800, 3 employees with a salary of $31,200, 4 employees with a salary of $37,700 and 1 employee with a salary of $149, 600. Find the mean salary for the employees.The mean salary for the employees is $___.(Type a whole number. Round to the nearest hundred as needed.)

Answer 1

We need to find the mean salary for the employees:

There are

15 employees with a salary of $21,900, 10

10 employees with a salary of $24,800

3 employees with a salary of $31,200

4 employees with a salary of $37,700

1 employee with a salary of $149, 600

33 total of employees:

The mean formula is given by:

$\text{Mean=}\frac{\text{add for all data}}{\text{total number of data}}$

Replacing :

$\text{Mean}=\frac{15(21,900)+10(24,800)+3(31,200)+4(37,700)+1(149,600)}{33}$

Therefore:

$\text{Mean = 70,209}.13$

The result is rounded to the nearest hundred.