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.
$17500, 19000, \underset\uparrow22000, 27500, 98500$
