Question

A small accounting firm pays each of its seven clerks $55,000, three junior accountants $85,000 each, and the firm's owner $650,000.

What is the mean salary paid at this firm? (Round your answer to the nearest whole number.)


What is the median salary?


The firm gives no raises to the clerks and junior accountants, but the owner is given a new salary of $860,000.

How does this change affect the mean? (Round your answer to the nearest whole number.)

The mean increases by $  .

How does it affect the median?

The median increases by $  .

Answer 1

i have removed thousand from each values,
hence
85000 is coverted to 85
What is the mean salary paid at this firm? (Round your answer to the nearest whole number.)
mean = sum of all terms/ number of terms
= 1290/11 = 117.2727
actual = 117272.7

What is the median salary?
The median is the middle number in a sorted list of numbers. So, to find the median, we need to place the numbers in value order and find the middle number.

Ordering the data from least to greatest, we get:

55   55   55   55   55   55   55   85   85   85   650

So, the median is 55 .
55000

The firm gives no raises to the clerks and junior accountants, but the owner is given a new salary of $860,000.

How does this change affect the mean? (Round your answer to the nearest whole number.)

mean = 1320/11 = 120
120000
The mean increases by 120000-117272.7 =2727.3 $

How does it affect the median?

The median increases by   0 $ .
median doesn't change

Please rate