In preparation for upcoming contract negotiations, labor and management representatives of the Hoffer Concrete Company have been collecting data on the earnings of a sample of employees (ranging from the president to the lowest paid “go-fer”) at similar firms. Assuming that such sample data are available, and that the mean and median have been identified:
a. Which of these measures of central tendency would be likely to best serve the purposes of the management representative? Why?
b. Which of these measures of central tendency would be likely to best serve the purposes of the union representative? Why?