Question

a company has 14 employees with a salary of $20,800, 10 employees with a salary of $23,600, 16 employees with a salary of $25,300 , 3 employees with a salary of $30,700, 6 employees with a salary of $38,700 and 1 employee with a salary of $149,300 find the mean salary for the employees

Answer 1

We have the following:

In this case, what we must do is calculate the weighted average, as follows:

`\begin{gathered} m=(14\cdot20800+10\cdot23600+16\cdot25300+3\cdot30700+6\cdot38700+1\cdot149300)/(14+10+16+3+6+1) \\ m=(1405600)/(50) \\ m=28112 \end{gathered}`

The mean salary is $28112