Salaries of Personnel A small company consists of the owner, the manager, the salesperson, and two technicians, all of whose annual salaries are listed here. (Assume that this is the entire population.)

Question

Salaries of Personnel

A small company consists of the owner, the manager, the salesperson, and two technicians, all of whose annual salaries are listed here. (Assume that this is the entire population.)

Find the mean, median, and mode.

Accepted Answer

[latex]\mu = \frac{ΣX}{N} =\frac{\$100,000 + 40,000 + 24,000 + 18,000 + 18,000}{5} = \frac{\$200,000}{5} = \$40,000[/latex]

Hence, the mean is $40,000, the median is $24,000, and the mode is $18,000.

Staff	Salary
Owner	$100,000
Manager	40,000
Salesperson	24,000
Technician	18,000
Technician	18,000

Chapter 3

Q. 3.11

Q. 3.11

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