Consider the situation involving the employees of a particular company looking for a raise. The company pays its president $300,000. The vice-president gets paid $204,000. The foreman earns $50,000. The reaming 40 workers earn an average (mean) of approximately $37,000. All salaries are annually based.

a. The union representative wants to negotiate new wages for the 40 workers of the company. In the negotiation should the representative emphasize the mean, median, or mode of the 40 employees? Which one would most help their case? Explain your answer.

b. The company’s attorney is also part of the negotiations. Which of the three measures would the attorney stress in the negotiations to help their case? Explain your answer.

c. An independent analyst is hired to offer counsel in the matter. If you are the independent analyst which of the three measures of Central Tendency would you recommend? Explain your answer with at least one reason as evidence.

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aA union representative would desire the highest wage for everyone with the least amount of differen... View the full answer