We are given the following salaries for the research and development department:
$48,397
$27,982
$42,591
$19,522
$32,400
$37,582
We are asked to find the mean, median, and mode of the given data set.
To find the mean, we will use the following formula:
So the mean is $34,746 calculated as follows:
To find the median, we will have to arrange the data set and find the middle value. Because we have 6 data, we will get the average of the two middle numbers.
$19,522 $27,982 $32,400 $37,582 $42,591 $48,397
The two middle values are $32,400 and $37,582. Their average, $34,991, is the median.
Finally, to find the mode, we will have to get the most frequently occurring value. In this data set, though, all elements are unique. So there is no mode.