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Please help with this question. Questions 1-5 with explanation. Thank you 7-1 Progeny Plastics Inc. A small plastics manufacturing company specializes in making acces- sories

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Questions 1-5 with explanation. Thank you image text in transcribed
7-1 Progeny Plastics Inc. A small plastics manufacturing company specializes in making acces- sories for cell phones, particularly plastic covers. The company cur rently utilizes a single shift of production workers, and in total employs 13 people with the following annual salaries: $125,000 President $75.000 Financial manager $ 54,000 Production manager $48,400 Production supervisor $42,000 Warehouse supervisor S27,600 Six assembly line workens S100,000 Vice president $ 65.000 Sales manager 1. Calculate the mean, median, and mode for the salaries rounded up to the nearest thousand. 2. The statistic most often used to describe company salaries is the median or the mean. For this company, does the mean give an accurate description of the salaries? Why or why not? 3. Progeny decides to add a second shift of six more assembly line workers at $27,600 each, along with one additional production supervi sor at $48,400. Calculate the mean, median, and mode including the seven additional salaries rounded up to the nearest thousand. 4. Which statistic would this company's labor union representative be most likely to cite during contract negotiations and why? Which statistic would the company president most likely report at the annual shareholders' meeting and why? 5. Name another situation in which it would be beneficial to report the highest average salary, and name another situation where it would be beneficial to use the lowest average salary

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