Find the median salary in the preceding list of seven salaries. Preceding data of salaries Occasionally, the
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Find the median salary in the preceding list of seven salaries.
Preceding data of salaries
Occasionally, the mean can be misleading as a measure of central tendency. Suppose the annual salaries of seven people in a small company are $34,000, $40,000, $56,000, $36,000, $36,000, $156,000, and $48,000. The mean salary is
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n i=1 n $406,000 7 = $58,000
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Related Book For
Finite Mathematics For Business Economics Life Sciences And Social Sciences
ISBN: 9780134862620
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
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