Last year, an accounting firm paid five clerks $38,000 each; two junior accountants each made $56,000; two senior accountants each made $72,000; and the firm's owner paid himself $470,000.
Compute the
(a) mean,
(b) median, and
(c) mode for this group of employees.
(d) If you were interested in working for this company, do you believe the mean best represents the average income of its employees? Why or why not?