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Problem 86 Medium Difficulty

Mean salary? Last year a small accounting firm paid each of its five clerks $\$ 22,000$ , two junior accountants $\$ 50,000$ each, and the firm's owner $\$ 270,000$ . What is the mean salary paid at this firm? How many of the employees earn less than the mean? What is the median salary? Write a sentence to describe how an unethical recruiter could use statistics to mislead prospective employees.

Answer

$\overline{x}=\$ 60,000$
Seven employees
$M E D I A N=\$ 22,000$

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Video Transcript

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