Question

If a company has 5 employees with annual salaries of $30,000, $50,000, $30,000, $80,000, and $70,000, respectively, what is the mean annual salary at the company?

Answer 1

$52,000, if you add all and divide, then you get the mean/average.

Answer 2

Annual mean salary at the company is $52,000

Explanation:

Given : If a company has 5 employees with annual salaries of $30,000, $50,000, $30,000, $80,000, and $70,000, respectively.

We have to determine the mean annual salary at the company.

Consider the given salaries of 5 employee of the company

$30,000, $50,000, $30,000, $80,000, and $70,000

The annual mean salary at the company is the sum of salary of the employees divided by the number of employees.

Annual mean salary =
`(30,000+50,000+30,000+70,000+80,000)/(5)=(2,60,000)/(5)`

Thus, Annual mean salary at the company is $52,000