Question

The hourly wages (in dollars) of eight employees in a small company are given as follows: $22, $16, $20, $12, $14, $15, $10, $24.

Calculate the mean of this data set.

Answer 1

The mean of the given data set is $16.625.

Step-by-step explanation:

To calculate the mean of a data set, you need to find the sum of all the values and divide it by the number of values in the set. In this case, the data set of hourly wages is: $22, $16, $20, $12, $14, $15, $10, $24.

Add up all these values to get the sum: $22 + $16 + $20 + $12 + $14 + $15 + $10 + $24 = $133.

Then, divide this sum by the number of values in the set, which is 8: $133 / 8 = $16.625. Therefore, the mean of this data set is $16.625.