SOLUTION: A very large international pharmaceutical company has two divisions, one with 4,000 employees, the other with 8,000 employees. The mean hourly wage of the employees is $6.05 in the

Algebra ->  Probability-and-statistics -> SOLUTION: A very large international pharmaceutical company has two divisions, one with 4,000 employees, the other with 8,000 employees. The mean hourly wage of the employees is $6.05 in the      Log On


   

Question 1161722: A very large international pharmaceutical company has two divisions, one with 4,000 employees, the other with 8,000 employees. The mean hourly wage of the employees is $6.05 in the first division and $7.39 in the second division. What is the mean hourly wage of all the firm's employees
Answer by ikleyn(52847) About Me  (Show Source):
You can put this solution on YOUR website!
.

The total hourly wage over 4000 employees at the first division is  4000*6.05 dollars.


The total hourly wage over 8000 employees at the second division is  8000*7.39 dollars.


The total hourly wage over all 4000+8000 = 12000 employees at the both division is  4000*6.05 + 8000*7.39 dollars.


The average hourly wage over all 12000 employees at both divisions is  


    %284000%2A6.05+%2B+8000%2A7.39%29%2F%284000%2B8000%29 = 6.94 dollars.     ANSWER

Solved.

-------------------

To see other similar solved problems, look into the lessons
    - Solved problems on average scores, weight, height and temperature
    - Solved problems on average scores
    - Solved problems on average age
    - Miscellaneous problems on average values

Consider these lessons as your textbook,  handbook,  tutorials and  (free of charge)  home teacher.