Introductory Algebra for College Students (7th Edition)

Published by Pearson
ISBN 10: 0-13417-805-X
ISBN 13: 978-0-13417-805-9

Appendix - Mean, Median, and Mode - Exercise Set: 27

Answer

mean is \$36,900 median is \$22,000 The median is more representative of the five salaries. One salary that is much higher than the other four skews the mean value.

Work Step by Step

To find the mean, sum all the salaries and divide the sum by the number of salaries given. $mean=\frac{17500+19000+22000+27500+98500}{5}=\frac{184500}{5}=36900$ To find the median, list the salaries in order and find the salary that appears at the midpoint of the list. $17500, 19000, \underset\uparrow22000, 27500, 98500$
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