Question

The salary for a groun of executives was listed as follows: 18 at $50,000; 10 at $60,000; 8 at $75,000; 2 at $90,000; and 2 at $10,000. What is the average salary?

Answer 1

The average salary is $57,500

Explanation:

You would find the total salaries and divide that by 40 because there were 40 people: 18 + 10 +8 + 2 + 2

To find the total salaries"

18(50,000) + 10(60,000) + 8(75000) + 2(90,000) + 2(10000) = 2300000

2300000/40 = 57,500