Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. Five managerial staff members have travel and car allowances of R60 000, R19 000, R21 000, R18 000 and R20 000 each. An additional

2. Five managerial staff members have travel and car allowances of R60 000, R19 000, R21 000, R18 000 and R20 000 each. An additional six office staff each have a car allowance of R10 000. a) What is the median allowance?. b) What is the modal allowance? c) What is the mean allowance? d) Which of the 3 would be best representative?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Health Care Financial Management

Authors: Steven Berger

4th Edition

1118801687, 978-1118801680

More Books

Students also viewed these Finance questions