Question

9. The hourly rate for 7 employees are as follows: $55, $128, $98, $115, $78, $83 and $171 What is the mean hourly rate

Answer 1

104

Explanation:

The formula for calculating the mean value is The total of all the given values/ The number of given values

The total of all the given values are 55+128+98+115+78+83+171= 728

The number of given values is 7

Therefore 728/7 is equivalent to 104.

Answer 2

$104

Explanation:

To find the mean (average) hourly rate for the 7 employees, you sum up all the hourly rates and then divide by the number of employees.

`\[\text{Mean} = \frac{\text{Sum of hourly rates}}{\text{Number of employees}}\]`

Let's calculate it:

`\[ \text{Mean} = (55 + 128 + 98 + 115 + 78 + 83 + 171)/(7) \]`

`\[ \text{Mean} = (728)/(7) \]`

`\[ \text{Mean} \approx 104 \]`

So, the mean hourly rate for the 7 employees is approximately $104.