The mean monthly wage of seven experienced and five in expansion workers in $1.01 thousand if the mean monthly wage of the five and experienced workers is dollar dollar 846 find the mean monthly wage of seven experience
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Answer:
$1100
Step-by-step explanation:
Mean monthly age of 7 experinced and 5 inexperienced workers = $ 1000
Number of workers = 7 + 5 = 12
We know that
Mean = Sum of 7observations/Number of observations
So sum of workers monthly ages = Mean * Number of workers = 1000 * 12 = $ 12000
Mean of mothly wage of 5 inexperienced workers = $ 846
Number of inexperienced workers = 5
So sum of inexperienced workers monthly wages = Mean * Number of inexperienced workers = 846 * 5 = $ 4230
Sum of 7 experienced workers = sum of workers monthly ages - sum of 5 inexperienced workers monthly ages = 12000 - 4230 = $ 7770
Number of experienced workers = 7
Mean monthly wage of 7 experienced workers = Sum of 7 experienced workers monthly ages/ Number of experienced workers
= 7770/7
= $ 1110
Therefore mean mothly wage of 7 experienced workers is $ 1110