SOLUTION: The mean salary of 5 employees is $40300. The median is $38500. The lowest paid employee's salary is $32000. If the lowest paid employee gets a $3100 raise, then ...
a) What is
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Question 1142277: The mean salary of 5 employees is $40300. The median is $38500. The lowest paid employee's salary is $32000. If the lowest paid employee gets a $3100 raise, then ...
a) What is the new mean?
New Mean = $
b) What is the new median?
New Median = $
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
The total salary paid is mean*number of employees or $40,300*5=$201,500
The lowest paid employee gets $3100 so the new mean is 204,600/5=$40,920 or $620 more than the old mean (and $620*5=$3100, the amount raised, as a check.
The median is unchanged, since the lowest salary is still below the original median.
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