SOLUTION: Suppose a company has 10 employees, 1 earning R160 000, 1 earning R120 000, 2 earning R60 000, 1 earning R40 000, and 5 earning R32 000. What is the mean salary for the company?

Question 1089676: Suppose a company has 10 employees, 1 earning R160 000, 1 earning R120 000, 2 earning
R60 000, 1 earning R40 000, and 5 earning R32 000.
What is the mean salary for the company?
Answer by ikleyn(52803) (Show Source): You can put this solution on YOUR website!
.

The mean (or the arithmetic mean, or average) is the sum of addends divided by the number of addends.


We can write the sum of addends as 160000 + 120000 + 2*60000 + 40000 + 5*32000.


The number of addends is 1 + 1 + 2 + 1 + 5.


Therefore, the mean =  =  = 60000.

Solved.

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