Wednesday

October 22, 2014

October 22, 2014

Posted by **bria** on Thursday, July 12, 2012 at 8:55pm.

The accountant for a small company is asked to determine the average salary of its employees. The company is owned by two brothers who each make over $300,000 per year. The accountant makes $80,000 per year. The salaries of the other eighteen employees of the company vary by years of experience and job title, but all fall in the $25,000 - $45,000 range.

my answer this would be a mean , not a mode or median.

- statistic -
**Ms. Sue**, Thursday, July 12, 2012 at 9:03pmThe mean would not reflect the salaries of the 18 employees -- but would be way above their salaries.

In this case I think the median would give a more accurate picture of the average salary of the company's employees.

- statistic -
**bria**, Thursday, July 12, 2012 at 9:12pmI guess to look at it would fall into the salary range. i was looking at average is how i got my answer thanks!

- statistic -
**Ms. Sue**, Thursday, July 12, 2012 at 9:20pmYou're welcome.

(2 * 300,000) + 80,000 + (18 * 35,000) / 21 = 62,380.95

That is almost $20,000 higher than the highest paid employee.

**Answer this Question**

**Related Questions**

Statistics - The average annual salary of employees at Wintertime Sports was $28...

Math - The mean salary of the female employees of one company is $29,525. The ...

QBASIC, Computers - The following is a list of salaries of the six employees in ...

Probability and Statistics - For questions 1- 5 use confidence intervals to ...

math - it is claimed that the average age of employees in a large company is 50...

programing - 3.Write a query to display the annual salary of all employees in ...

statistic - The mean salary per day of all the 5000 employees who work in a ...

statistics - "Separate the data by company and do descriptive stats for each. ...

Statistics - I need help with (b): A small company with 5 employees wants to ...

Logic - As part of its reorganization, company X created five new positions ...