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

Algebra ->  Statistics  -> Describing-distributions-with-numbers -> 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      Log On


   

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) About Me  (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.