Reconsider the previous exercise where the monthly salaries of the three people working in a small firm
Question:
Reconsider the previous exercise where the monthly salaries of the three people working in a small firm are $3500, $4000, and $4500. If instead of a $100 raise, everyone gets a 10% raise, how, if at all, would the average of the three salaries change?
A. The average would stay the same.
B. The average would increase.
C. The average would decrease.
D. Cannot be answered without doing calculations.
Previous exercise
The monthly salaries of the three people working in a small firm are $3,500, $4,000, and $4,500. Suppose the firm makes a profit and everyone gets a $100 raise. How, if at all, would the average of the three salaries change?
Step by Step Answer:
Introduction To Statistical Investigations
ISBN: 9781118172148
1st Edition
Authors: Beth L.Chance, George W.Cobb, Allan J.Rossman Nathan Tintle, Todd Swanson Soma Roy