Posted by **Ashli** on Wednesday, October 8, 2008 at 12:54am.

From a statistical point of view why a company might want to report its mean salary in one situation and its median salary in another?

- Statistics -
**SraJMcGin**, Wednesday, October 8, 2008 at 9:11am
Thank you for using the Jiskha Homework Help Forum. The following site explains the difference between the 2 terms:

http://blogs.payscale.com/ask_dr_salary/2006/10/mean_vs_median__2.html

Summary: Mean - the mathematical average, calculated by adding up all the pay rates in the data set and then dividing by the number of pay rates in the data set.

Median - the value of the pay rate that falls in the middle of all the rates in an ordered data set (that is to say, a data set which is ordered from lowest to highest rate).

Sra

## Answer this Question

## Related Questions

- Algebra - Which job would be better? One that has a salary where the mean and ...
- Math - The mean salary of the female employees of one company is $29,525. The ...
- Math - Every employee's salary at the Sunrise Software Company increases each ...
- statistics - the mean annual salary for employees at a company is 36,000. at the...
- GP Calculus - Muthu started working at a company on 1 January 2002 with an ...
- statistics - Employees in a large computer firm claim that the mean salary of ...
- Statistics - Employees in a large computer firm claim that the mean salary of ...
- statistics - Employees in a large computer firm claim that the mean salary of ...
- statistics - A company is trying to show that their wages are fair. The mean ...
- Math(Ms.Sue) only please - Ms.Sue i have one more question what is the Biweely ...

More Related Questions