The following table gives the distribution of annual salaries for employees at Kulzers Home Improvement. Annual Salary
Question:
The following table gives the distribution of annual salaries for employees at Kulzer’s Home Improvement.
Annual Salary . . . . . . . . . . . . . . . . Number Receiving Salary
$100,000 . . . . . . . . . . . . . . . . . . . . . . . . 1
85,000 . . . . . . . . . . . . . . . . . . . . . . . . . . 2
24,000 . . . . . . . . . . . . . . . . . . . . . . . . . . 6
21,000 . . . . . . . . . . . . . . . . . . . . . . . . . . 4
18,000 . . . . . . . . . . . . . . . . . . . . . . . . . . 5
17,000 . . . . . . . . . . . . . . . . . . . . . . . . . . .7
Using the information provided in the table, determine the
(a) Mean annual salary.
(b) Median annual salary.
(c) Mode annual salary.
(d) Midrange annual salary.
(e) Which do you believe is the best measure of central tendency for this set of data? Explain your answer.
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Step by Step Answer:
A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde