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Consider the situation involving the employees of a particular company looking for a raise. The company pays its president $300,000. The vice-president gets paid $204,000.
Consider the situation involving the employees of a particular company looking for a raise. The company pays its president $300,000. The vice-president gets paid $204,000. The foreman earns $50,000. The reaming 40 workers earn an average (mean) of approximately $37,000. All salaries are annually based.
1) An independent analyst is hired to offer counsel in the matter. If you are the independent analyst which of the three measures of Central Tendency would you recommend? Explain your answer with at least one reason as evidence please
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