You Are the Payroll Manager for Blackwell Industries Construct a Frequency Distribution of This Information Using Six Equal

question 65

Short Answer

You are the payroll manager for Blackwell Industries. You are reviewing the following overtime wages paid for the last two weeks of July to your employees: $$\begin{array} { l l l l l l } \$ 22.50 & \$ 38.25 & \$ 16.50 & \$ 48.50 & \$ 68.25 & \$ 61.50 \\\$ 58.25 & \$ 19.00 & \$ 28.50 & \$ 36.75 & \$ 32.50 & \$ 48.75 \\\$ 28.50 & \$ 44.25 & \$ 31.50 & \$ 27.50 & \$ 28.50 & \$ 51.25\end{array}$$ Construct a frequency distribution of this information using six equal classes with an interval of ten starting at 10. What is the mean of this grouped data? (Round to the nearest cent)

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Definitions:

Sole Proprietorship

A business structure where a single individual owns and operates the business, bearing full responsibility for its assets and liabilities.

Limited Liability

A legal structure that limits the financial liability of the owners to the amount they invested in the company, protecting personal assets from business debts and obligations.

Franchises

A business model that allows individuals to operate their own outlets using the branding, products, and operational knowledge of an established company.

Franchisees

Individuals or entities that acquire the rights to operate a business under a franchisor's brand and system.