An industry research group gathered salary information from four random graphic designers who work full-time in the field. Which salary is closest to the industry average??
A. $63,000
B. $52,000
C. $39,000
D. $48,000
In order to determine which salary is closest to the industry average, we need to calculate the average salary of the four graphic designers.
The average salary can be found by summing up all the salaries and then dividing by the number of salaries.
Since the salary information is not provided, let's assume the salaries of the four graphic designers are:
Designer 1: $63,000
Designer 2: $52,000
Designer 3: $39,000
Designer 4: $48,000
Adding up all the salaries: $63,000 + $52,000 + $39,000 + $48,000 = $202,000
Now, dividing the sum by the number of salaries (4):
$202,000 / 4 = $50,500
The industry average salary is $50,500.
Now, let's compare this average salary to the given options:
A. $63,000 - This is higher than the average salary of $50,500.
B. $52,000 - This is close to the average salary of $50,500.
C. $39,000 - This is lower than the average salary of $50,500.
D. $48,000 - This is also close to the average salary of $50,500.
Based on this comparison, option B ($52,000) and D ($48,000) are both close to the industry average.
To find the salary that is closest to the industry average, we need to calculate the average salary first.
The average salary can be obtained by summing up the salaries of the four graphic designers and then dividing it by the total number of designers, which in this case is 4.
Let's calculate the average salary:
(63,000 + 52,000 + 39,000 + 48,000) / 4 = 202,000 / 4 = 50,500
Therefore, the industry average salary is $50,500.
Now we can compare the average salary with the given options to find which one is closest:
A. $63,000 - The difference between $63,000 and $50,500 is $12,500.
B. $52,000 - The difference between $52,000 and $50,500 is $1,500.
C. $39,000 - The difference between $39,000 and $50,500 is $11,500.
D. $48,000 - The difference between $48,000 and $50,500 is $2,500.
From the options provided, the salary closest to the industry average of $50,500 is option B. $52,000. The difference between the average salary and $52,000 is the smallest among the given options, which is $1,500.