Question

Three companies pay the following rates to their employees:

Company X k7.80 per hour
Company Y k8.30 per hour
Company Z k13.90 per hour
What is the companies average rate of pay?

Answer 1

k10.00

Explanation:

In the absence of appropriate information regarding the population to which these wages apply, we assume you just want the average of the three numbers:

(7.80 +8.30 +13.90)/3 = 30.00/3 = 10.00

The average of these three rates of pay is k10.00 per hour.