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At A-Life Corporation, Managers Begin at $35/hour Until They Reach

question 39

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At A-Life Corporation, managers begin at $35/hour until they reach $50/hour (salaries are always to the nearest dollar) . If the variable x = hourly wage has a discrete uniform distribution, what is the mean wage for the managers?


Definitions:

Crossfooting

A method used in accounting to check the arithmetic accuracy of figures by adding columns of numbers both vertically and horizontally and comparing the totals.

Equality

In accounting, the concept that the sum of debits must equal the sum of credits in a transaction.

Subsidiary Ledger

A detailed ledger that contains all the transaction details of a specific account, which is summarized in the general ledger.

Accounts Payable

Liabilities or money owed by a company to its creditors or suppliers for goods and services received but not yet paid for.

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