Use the Grouped Data Formulas to Find the Indicated Mean

question 76

Multiple Choice

Use the grouped data formulas to find the indicated mean or standard deviation.
-The salaries of a random sample of a company?s employees are summarized in the frequency distribution below. Approximate the sample mean. $$\begin{array} { r | c } \text { Salary (\$) } & \text { Employees } \\\hline 5,001 - 10,000 & 16 \\10,001 - 15,000 & 14 \\15,001 - 20,000 & 11 \\20,001 - 25,000 & 16 \\25,001 - 30,000 & 23\end{array}$$

• A)$18,500.50
• B)$17,500
• C)$20,350.55
• D)$16,650.45

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Definitions:

Witnesses

Individuals who have seen an event, typically an accident or crime, and can provide a firsthand account of what happened.

Wrongful Dismissal

The termination of an employee's contract of employment in violation of the contract or without sufficient legal reason.

Employment Contract

A legal agreement between an employer and an employee, outlining the terms and conditions of employment.

Expensive Lawsuits

Legal disputes requiring significant financial resources due to complexities or other factors, which can impact individuals or organizations alike.