Question
Print-O-Matic printing company spends specific amounts on fixed cost every month. The costs of those fixed costs are in the following table: Bank Charges :
Print-O-Matic printing company spends specific amounts on fixed cost every month. The costs of those fixed costs are in the following table:
Bank Charges : 482
Cleaning: 2208
Computer/IT expense : 2471
Lease payments: 2656
Postage: 2117
Uniforms: 2600
Find the mean and median.
Find the mean and median if the bank charge value is not included in the calculation.
Which of the following statements is true concerning relationship of mean and median for this data?
A.) For all fixed cost (Including bank charges), mean > median
B.) For all fixed costs EXCEPT bank charges, mean > median
C.) For all fixed costs, mean < median
D.) For all fixed costs EXCEPT bank charges, mean = median
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