Reconsider the previous exercise where the monthly salaries of the three people working in a small firm

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Reconsider the previous exercise where the monthly salaries of the three people working in a small firm are $3500, $4000, and $4500. If instead of a $100 raise, everyone gets a 10% raise, how, if at all, would the average of the three salaries change?

A. The average would stay the same.

B. The average would increase.

C. The average would decrease.

D. Cannot be answered without doing calculations.


Previous exercise

The monthly salaries of the three people working in a small firm are $3,500, $4,000, and $4,500. Suppose the firm makes a profit and everyone gets a $100 raise. How, if at all, would the average of the three salaries change?

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Related Book For  book-img-for-question

Introduction To Statistical Investigations

ISBN: 9781118172148

1st Edition

Authors: Beth L.Chance, George W.Cobb, Allan J.Rossman Nathan Tintle, Todd Swanson Soma Roy

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