The following table shows the hourly rates of pay, in dollars, of a companys employees. a. Is
Question:
The following table shows the hourly rates of pay, in dollars, of a company’s employees.
a. Is the mean a good average to use here? Give a reason for your answer.
b. Find the mean rate of pay for the majority of the employees.
Transcribed Image Text:
Hourly rate 6 7 109 No. emploe 8. 11 17 1 bria
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 87% (8 reviews)
a Its not clear from the question whether the given hourly rates of pay represent the entire popu...View the full answer
Answered By
Chandrasekhar Karri
I have tutored students in accounting at the high school and college levels. I have developed strong teaching methods, which allow me to effectively explain complex accounting concepts to students. Additionally, I am committed to helping students reach their academic goals and providing them with the necessary tools to succeed.
0.00
0 Reviews
10+ Question Solved
Related Book For
Cambridge International AS & A Level Mathematics Probability & Statistics 1 Coursebook
ISBN: 9781108407304
1st Edition
Authors: Dean Chalmers, Julian Gilbey
Question Posted:
Students also viewed these Mathematics questions
-
The following table shows the average January high temperature and the average July high temperature for 10 major cities around the world. a. Construct a scatterplot for the data. Estimate or compute...
-
The following table shows the hourly wages, hours worked, and output (number of widgets produced) in one week for ve widget makers. Use MATLAB to answer these questions: a. How much did each worker...
-
The following table shows key operating statistics for the four largest public accounting firms: a. Determine the revenue per partner and revenue per professional staff for each firm. Round to the...
-
Plastic Co Pte Ltd (Plastico) is a Fiji company. The company has issued and paid up capital of $250,000 held in equal parts by two brothers. The companys business involves making plastic products for...
-
If 25.0 g of C6H12O6 are dissolved in H2O to make 0.100 L of solution, what is the osmotic pressure of this solution at 25C?
-
The following information is available for Sharder Company for the month of June: 1. The unadjusted balance per the bank statement on June 30 was $71,230. 2. Deposits in transit on June 30 were...
-
What is the role of the Federal Sentencing Guidelines in encouraging corporate ethical conduct?
-
Ethyl acetate has a vapor pressure of 118.3 mm Hg at 29.5C and a normal boiling point of 77.0C. Estimate the vapor pressure at 45C using (a) The Antoine equation and constants from Table B.4: (b) The...
-
The following trial balance was extracted from the books of accounts of KOWA partnership operated by Kori and Wangui partners for the period ended 31/12/2018 after preparing a trading account. KOWA...
-
A company is due to receive 2,500,000 two-months from today and wishes to save the funds for three months. Money market interest rate spreads for short-term euro transactions are presented in the...
-
A dataset of 20 values is denoted by x where (x 1) = 58. Another dataset of 30 values is denoted by y where (y 2) = 36. Find the mean of the 50 values of x and y.
-
The numbers of items returned to the electrical department of a store on each of 100 consecutive days are given in the following table. a. Write down the median. b. Is the mode a good value to use as...
-
Apple, with its almost 300 company-owned stores, uses independent intermediaries, which it refers to as third-party resellers. For its Mac computers, Apple is very careful about the intermediaries it...
-
When you are trying to best manage your time, why should you resist the urge to multi-task?
-
Acneity & Activity Based Costing Timber Mart (TM) has a furniture manufacturing plant that uses activity-based costing. The system has the following activities: Allocation Rate Activity Purchasing...
-
Sales of $730,000 Gross Margin of 30% Financing Rate 6.5% How to calculate COGS? Show your calculations.
-
Find the amount of work and heat exchanged for two moles of ideal monatomic gas undergoing the process shown in the figure. P, kPa 120 80.0 10.0 16.0 V, L
-
From from the picture (uneven cash flows), suppose now CF=50 at t=4, but other values are the same. Find the PV by using a present value formula. Hint: 1 = 4% = 0.04 and N = 4. Cash flow (CF) for...
-
Give the major product of each of the following reactions: a. b. c. d. 1. LIAIHA CH,CH- CH OCH 2. H3o 1. LIAIHA 2. H30 CH.CH-."d NH3 CH,CH CH OCH excess NH3 CI CH,CH CH
-
Annual dividends of ATTA Corp grew from $0.96 in 2005 to $1.76 in 2017. What was the annual growth rate?
-
Find the remainder when: a. 6x 3 + 3x 2 5x + 2 is divided by x 1 b. x 3 + x 2 11x + 12 is divided by x + 4 c. x 4 + 2x 3 5x 2 2x + 8 is divided by x + 1 d. 4x 3 x 2 18x + 1 is divided by 2x 1
-
Simplify each of the following. a. (x 3 + 5x 2 + 5x 2) (x + 2) b. (x 3 8x 2 + 22x 21) (x 3) c. (3x 3 7x 2 + 6x 2) (x 1) d. (2x 3 3x 2 + 8x + 5) (2x + 1) e. (5x 3 13x 2 + 10x 8) (2 x)...
-
The diagram shows the cross-section of two cylindrical metal rods of radii x cm and y cm. A thin band, of length P cm, holds the two rods tightly together.
-
Consider the set A = {a, b, c, d, e, f, g, h). For each collection of subsets of A given below, state whether the collection is a partition of A. If it is a parition, verify that the 3-part defn of...
-
4. If the company normally carries 50 bags as safety stock, determine the reorder point for the spice. 4. Benoit Corporation produces lawn chairs. In order to produce the frames for the furniture,...
-
The first production department in a process manufacturing system reports the following unit diets. Beginning work in process inventory 32,000 units Units started and completed 48,000 units Units...
Study smarter with the SolutionInn App