Real-World Inequality Problems Discussion can u make up an math problem and solve it
Sure, here's a math problem related to real-world inequality:
Problem: In a company, the salaries of 5 employees are as follows: $25,000, $30,000, $35,000, $40,000, and $50,000 per year. Find the average salary of the employees and the percentage by which the highest salary exceeds the average.
Solution:
Step 1: Add up all the salaries: $25,000 + $30,000 + $35,000 + $40,000 + $50,000 = $180,000.
Step 2: Calculate the average by dividing the total salary by the number of employees: $180,000 / 5 = $36,000.
Step 3: Determine the difference between the highest salary and the average salary: $50,000 - $36,000 = $14,000.
Step 4: Find the percentage by which the highest salary exceeds the average by dividing the difference by the average salary and multiplying by 100: ($14,000 / $36,000) × 100 ≈ 38.89%.
Therefore, the average salary of the employees is $36,000 and the highest salary exceeds the average by approximately 38.89%.