Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Versions of the following completely-made-up story have been told elsewhere. Suppose there are exactly 9 people on a bus in Seattle, and the average of
Versions of the following completely-made-up story have been told elsewhere. Suppose there are exactly 9 people on a bus in Seattle, and the average of their yearly incomes is $65,000. At the next stop, the highest paid person on the bus (with an income of $120,000 per year) gets off, and Bill Gates gets on. Mr. Gates makes 7.6 billion dollars a year.
What is the new average salary of people on the bus?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started