Question

The annual salaries of the sales team at Pat’s company are listed in the table below. $42,000 $80,000 $50,000 $56,000 $45,000 $63,000 $42,000 $70,000 What is the mean salary of a salesperson at the company?

Answer 1

Answer:

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Mean is the sum of values/ number of values.

Because each value has 000 at the end, we can divide by 1000 and multiply it back in later to make life easier

42+80+50+56+45+63+42+70=448

448/8=56

Multiply the 1000 back in

56*1000=56000

Final answer: $56,000

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Answer 2

Answer:

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Step-by-step explanation:

Mr Raman works as production manager at a salary of Rs. 80,000 per month in company A. He got a job offer company B at a salary of Rs 90,000 per month and another job offer from company C at a salary of Rs. 95000 per month. What is his opportunity cost of working as production manager in company A.