The monthly salary of 10 employees in a factory are given below : `5000, `7000, `5000, `7000, `8000, `7000, `7000, `8000, `7000, `5000 find the mean, median and mode
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The mean of salaries = Rs 6,600, median = Rs 7,000, mode = Rs 7,000
- Given salaries in ascending order are
5,000; 5,000; 5,000; 7,000; 7,000; 7,000; 7,000; 7,000; 8,000; 8,000
MEAN:
- Mean = (sum of salaries)/(number of employees)
MEDIAN:
- We have even number of observations, hence median is the average of middle two observations
MODE:
- Mode is the most repeated observation in given data. 7,000 is the salary with highest frequency i.e, 5.
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