Business Maths

Question 1 Sales made last year by Martin's Appliance Store are listed below. The first number tells how many employees made the sales amount. Calculate the mean, median, and mode. Two sales employees earned in the range of $130,001150,000. Six sales employees earned in the range of $110,001130,000. Ten sales employees earned in the range of $90,001110,000. Five sales employees earned in the range of $70,00190,000. Three sales employees earned in the range of $50,00170,000. [5 marks] Question 2 How much more does a 40-year-old man pay for a $75,000 5-year term policy than a 40-year-old woman? The rate for the 40-year-old male is $7.86 per $1,000 of face value whereas the rate for the 40-year-old female is $6.46 per $1,000 of face value. [5 marks) Question 3 Budget Car Company owns a building with a replacement value of $100,000. It has a fire insurance policy with an 80% coinsurance clause and a face value of $80,000. There is a fire and the damage is $30,000. How much will the company pay? [5 marks] Question 1 Sales made last year by Martin's Appliance Store are listed below. The first number tells how many employees made the sales amount. Calculate the mean, median, and mode. Two sales employees earned in the range of $130,001150,000. Six sales employees earned in the range of $110,001130,000. Ten sales employees earned in the range of $90,001110,000. Five sales employees earned in the range of $70,00190,000. Three sales employees earned in the range of $50,00170,000. [5 marks] Question 2 How much more does a 40-year-old man pay for a $75,000 5-year term policy than a 40-year-old woman? The rate for the 40-year-old male is $7.86 per $1,000 of face value whereas the rate for the 40-year-old female is $6.46 per $1,000 of face value. [5 marks) Question 3 Budget Car Company owns a building with a replacement value of $100,000. It has a fire insurance policy with an 80% coinsurance clause and a face value of $80,000. There is a fire and the damage is $30,000. How much will the company pay? [5 marks]