Asked by bria
Which "average" would be best to use in the following situation?
The accountant for a small company is asked to determine the average salary of its employees. The company is owned by two brothers who each make over $300,000 per year. The accountant makes $80,000 per year. The salaries of the other eighteen employees of the company vary by years of experience and job title, but all fall in the $25,000 - $45,000 range.
my answer this would be a mean , not a mode or median.
The accountant for a small company is asked to determine the average salary of its employees. The company is owned by two brothers who each make over $300,000 per year. The accountant makes $80,000 per year. The salaries of the other eighteen employees of the company vary by years of experience and job title, but all fall in the $25,000 - $45,000 range.
my answer this would be a mean , not a mode or median.
Answers
Answered by
Ms. Sue
The mean would not reflect the salaries of the 18 employees -- but would be way above their salaries.
In this case I think the median would give a more accurate picture of the average salary of the company's employees.
In this case I think the median would give a more accurate picture of the average salary of the company's employees.
Answered by
bria
I guess to look at it would fall into the salary range. i was looking at average is how i got my answer thanks!
Answered by
Ms. Sue
You're welcome.
(2 * 300,000) + 80,000 + (18 * 35,000) / 21 = 62,380.95
That is almost $20,000 higher than the highest paid employee.
(2 * 300,000) + 80,000 + (18 * 35,000) / 21 = 62,380.95
That is almost $20,000 higher than the highest paid employee.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.