SOLUTION: A company has 14 employees with a salary of ​$21,000​, 12 employees with a salary of ​$23,500​, 18 employees with a salary of ​$27,500​, 3 employees with a salary of â€

Algebra ->  Average -> SOLUTION: A company has 14 employees with a salary of ​$21,000​, 12 employees with a salary of ​$23,500​, 18 employees with a salary of ​$27,500​, 3 employees with a salary of †     Log On


   

Question 1157713: A company has 14 employees with a salary of ​$21,000​, 12 employees with a salary of ​$23,500​, 18 employees with a salary of ​$27,500​, 3 employees with a salary of ​$31,500​, 5 employees with a salary of ​$38,700​, and 1 employee with a salary of ​$146,700. Find the mean salary for the employees.
Answer by Edwin McCravy(20064) About Me  (Show Source):
You can put this solution on YOUR website!
     X       f        f∙X
  $21,000​   14      $294000
  ​$23,500​   12         ?
  ​$27,500​   18         ?
  $31,500​    3         ?
  $38,700    5​         ?  
 ​$146,700    1         ?
--------------------------
         n = ?   sum = ?

Put numbers where the question marks are.

Multiply each of the X-values by the f value
to finish the f∙x list.  (I did the first one,
you do the others)

Add the f column to get n

Add the f∙x column to get the sum.

Then divide the sum by n.

That will be the mean salary.

Edwin