In 1980 a college paid its 52 instructors a mean salary of Rs.13, 200, its 96 assistant professors a mean salary of Rs.55, 800, its 67 associate professors a mean salary of Rs.88, 900, and its 35 full professors a mean salary of Rs.123, 500. What was the mean salary paid to all the teaching staff of this college?
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Given : In 1980 a college paid its 52 instructors a mean salary of Rs.13, 200, its 96 assistant professors a mean salary of Rs.55, 800,
its 67 associate professors a mean salary of Rs.88, 900, and
its 35 full professors a mean salary of Rs.123, 500.
To Find : What was the mean salary paid to all the teaching staff of this college?
Solution:
Mean = ∑fx/∑f
∑fx = 52 * 13200 + 96 * 55800 + 67 * 88900 + 35 * 123500
=> ∑fx = 1,63,22,000
∑f = 52 + 96 + 67 + 35 = 250
Mean Salary = 1,63,22,000 / 250
= 65,288
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