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Suppose that in a small company employing 40 people, one person earns $210,000 per year and 38 of them each earn $65,000. a) What is
Suppose that in a small company employing 40 people, one person earns $210,000 per year and 38 of them each earn $65,000.
a) What is the salary of the 40th employee if the mean salary for the company is $68,400?
b) What is the position (location) of the median?
c) What is the median?
d) Which is the better measure of the "center": the mean or the median? (Type either Mean or Median)
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