The Weekly Salaries (In Dollars)of 24 Randomly Selected Employees of a Company

question 83

Multiple Choice

The weekly salaries (in dollars) of 24 randomly selected employees of a company are shown below,and displayed on the following boxplot.
Find the mean and the median.Which is the most appropriate measure of centre?

• A)Mean: $979;Median: $705 The median is the most appropriate measure of centre,because the outliers are not significant in the distribution.
• B)Mean: $942;Median: $700 The median is the most appropriate measure of centre,because of the outliers.
• C)Mean: $979;Median: $705 The mean is the most appropriate measure of centre,because the outliers are not significant in the distribution.
• D)Mean: $979;Median: $705 The median is the most appropriate measure of centre,because of the outliers.
• E)Mean: $979;Median: $705 The mean is the most appropriate measure of centre,because of the outliers.

Recognize periods of significant changes in productivity growth.

Analyze the impact of external factors on labor productivity.

Explain how interest income fits into the broader economic income concept.

Describe market equilibrium processes for capital and land.

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Definitions:

Operating Policies

Guidelines and protocols established by a company to govern its day-to-day operational activities and decisions.

Acquiring Entity

The company or organization that purchases or acquires control of another company, typically through a merger or acquisition process.

Issued Capital

The total value of a company's shares that have been sold to shareholders and are outstanding.

Business Combination

A transaction or event where one entity gains control over one or more other businesses, often involving mergers or acquisitions.