Question

Ques:4: Seven people work at Acetech, a small technology firm in Seattle. Their salaries over the
past year are listed in Table. Compute the mean salary for this firm and discuss whether it
accurately indicates a typical value. Also find which measure indicates a typical value.
Title
Salary
Administrative Assistant
$40000
Research Assistant
$40000
Computer Programmer
$65000
Senior Research Associate
$90000
Senior Sales Associate
$140000
Chief Financial Officer
S150000
President and owner)
$560000​

Answer 1

Answer:

Mean Salary = $155,000

Step-by-step explanation:

Mean = sum of all salary ÷ no.of salary

Mean Salary = ( 40000+40000+65000+90000+140000+150000+560000 ) ÷ 7 = $155,000