Question

An industry research group gathered salary information from four random graphic designers who work full-time in the field. Which salary is closest to the industry average?

(1 point)
Responses

$63,000

$63,000

$52,000

$52,000

$39,000

$39,000

$48,000

Answer 1

To determine which salary is closest to the industry average, we will first calculate the average of the provided salaries.

The salaries given are:
- $63,000
- $63,000
- $52,000
- $52,000
- $39,000
- $39,000
- $48,000

Next, we will sum these salaries:

\[
63,000 + 63,000 + 52,000 + 52,000 + 39,000 + 39,000 + 48,000 = 396,000
\]

Now, we will count the number of salaries:

There are 7 salaries in total.

To find the average, we divide the total sum of the salaries by the number of salaries:

\[
\text{Average} = \frac{396,000}{7} \approx 56,571.43
\]

Now, we compare the given salaries to the calculated average of approximately $56,571.43:

- $63,000 (Difference = $6,428.57)
- $63,000 (Difference = $6,428.57)
- $52,000 (Difference = $4,571.43)
- $52,000 (Difference = $4,571.43)
- $39,000 (Difference = $17,571.43)
- $39,000 (Difference = $17,571.43)
- $48,000 (Difference = $8,571.43)

The salary closest to the average ($56,571.43) is **$52,000** (with a difference of $4,571.43).

Therefore, the closest salary to the industry average is **$52,000**.