You Handle the Payroll at a Small Company Whose President

question 4

Essay

You handle the payroll at a small company whose president boasts that the average salary at his company is $54,000.What is the statistical reason for this distorted view of the company's average pay? Then,using the salaries listed below for everyone that works at this company determine the mean,median,mode,and range of salaries for this small company.
Salaries: $200,000 (president's salary); $100,000 (vice-president's salary)
Other eight employees earn $30,000 each.

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Definitions:

Ananda

A key disciple of the Buddha, known for his memory and recollection of the Buddha's teachings.

Suryavarman II

An 11th to 12th-century Khmer king of Cambodia, best known for commissioning the construction of the Angkor Wat temple complex.

Angkor Wat

A temple complex in Cambodia and one of the largest religious monuments in the world, originally constructed as a Hindu temple dedicated to the god Vishnu for the Khmer Empire.

Vishnu

One of the principal Hindu deities, worshipped as the protector and preserver of the universe.