The mean salary of 8 employees is $36000 and the median is $32000. This highest-paid employee gets a $2000 raise.

What is the new mean salary of the 8 employees?

What is the new median salary of the 8 employees?

The mean salary of 8 employees is $36000 and the median is $32000. This highest-paid employee gets a $2000 raise.

What is the new mean salary of the 8 employees?

The median wont change. The mean will be (36000+8000/8)

To find the new mean salary of the 8 employees, we first need to calculate the total of all their salaries. We know that the previous mean salary of the 8 employees is $36,000, which is the sum of their salaries divided by 8. So, we can calculate the total previous salary by multiplying the mean salary by 8:

Total previous salary = Mean salary * Number of employees
Total previous salary = $36,000 * 8
Total previous salary = $288,000

Now, we know that the highest-paid employee got a $2,000 raise. This means that the previous highest salary plus the raise will be the new highest salary.

To find the new mean salary, we will need to calculate the new total salary. Since only one employee got a raise, we can subtract the previous highest salary and add the new highest salary:

New total salary = Total previous salary - Previous highest salary + New highest salary
New total salary = $288,000 - Previous highest salary + (Previous highest salary + $2,000)
New total salary = $288,000 - Previous highest salary + Previous highest salary + $2,000
New total salary = $288,000 + $2,000

Next, we divide the new total salary by the number of employees to find the new mean salary:

New mean salary = New total salary / Number of employees
New mean salary = ($288,000 + $2,000) / 8

Now, to find the new median salary, we need to arrange the salaries in ascending order and find the middle value. The median divides the data into two equal halves, so in this case, the median will still be the second-highest salary. Since only one employee got a raise, the second-highest salary will remain the same.

Therefore, the new mean salary of the 8 employees will be ($288,000 + $2,000) divided by 8, and the new median salary will remain the same as before, which is $32,000.