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The salaries of the employees at four companies are summarized below. Answer the questions about them.Company A: The mean salary is $24,000 and the range of salaries is $43,000.Company B: The mean salary is $29,000 and the range of salaries is $52,000.Company C: The mean salary is $20,000 and the range of salaries is $45,000.Company D: The mean salary is $21,000 and the range of salaries is $50,000.(a) Based on the information above, which company has the lowest salaries on average?Company ACompany BCompany CCompany D(b) Based on the information above, which company's salaries have the least variability?Company ACompany BCompany CCompany D

Question

The salaries of the employees at four companies are summarized below. Answer the questions about them.Company A: The mean salary is 24,000andtherangeofsalariesis24,000 and the range of salaries is 43,000.Company B: The mean salary is 29,000andtherangeofsalariesis29,000 and the range of salaries is 52,000.Company C: The mean salary is 20,000andtherangeofsalariesis20,000 and the range of salaries is 45,000.Company D: The mean salary is 21,000andtherangeofsalariesis21,000 and the range of salaries is 50,000.(a) Based on the information above, which company has the lowest salaries on average?Company ACompany BCompany CCompany D(b) Based on the information above, which company's salaries have the least variability?Company ACompany BCompany CCompany D

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Solution

(a) Based on the information above, the company with the lowest salaries on average is Company C.

(b) Based on the information above, the company's salaries with the least variability is Company A. The variability of salaries is often measured by the range (the difference between the highest and the lowest salaries). In this case, Company A has the smallest range, hence the least variability.

Similar Questions

Employee Name                   Yearly SalaryBrandon $45,000Robert $58,000Chloe $62,000Andrew $59,000David $70,000Tanya $84,000Rodney $49,000Sally $67,000Manuel $78,000Alexis $68,000 1. In looking at this grouping of salaries, what salary might be expected for an open position based on the mean of these listed?2. Sometimes, the median can generate a different expectation for the salary an employee can expect when working at a position in the corporation. What is the median salary for the salaries listed above?Mean: $63,500Median: $64,500Mean: $65,000Median: $67,000Mean: $63,500Median: $64,000Mean: $64,000Median: $63,500Mean: $64,000Median: $64,500Mean: $63,500Median: $62,000Mean: $64,500Median: $67,000QUESTION 3.3Sport StatisticsChoose one • 12 pointsline graphGraphs like this one can be used to show how changes or values over time can be compared in similar data.  For example, a sports agent is tracking data on 4 of his players to properly assess the income earning potential based on the last few games they played. Each of the colored lines in the graph represents a player. Which of the following statements is true about these results?The "red" player had an improved score over time.The "green" player had a better beginning of the season than the end.The "yellow" player showed the most improved scoring potential.The "blue" player gradually improved over the course of the 5 games.QUESTION 3.4Bar GraphChoose one • 12 pointsbar graphBar graphs are one of the easiest graphs to quickly look at to learn some general information.  In this scenario, each grouping of the 3 bars represents one of the 5 agents in the ABC Talent Firm. The green bar represents the number of artists, the red bar represents the number of musicians, and the yellow bar represents the number of actors.  How many musicians are represented by the firm?22 musicians25 musicians17 musicians31 musicians73 musicians42 musicians56 musicians48 musiciansGROUP 4ReflectionGroup • 1 questionflorida lotteryThe lottery system is a great example of how to show Permutations or Combinations of numbers. In this scenario, we will see how extreme these numbers can change and the reality of choosing the lottery numbers.QUESTION 4.1Winning the LotteryResponse • 30 pointshttps://www.flalottery.com/exptkt/lottoodds.pdfIn the above scenario, when there were 53 numbers to choose from, and players pick 6 numbers, the total number of combinations was 22,957,480.  The calculations for this are shown step by step in the above image using the Combination formula. Use the information above to answer the following questions: 1. What are the odds of winning in this scenario with one winning ticket? 2. What would the odds of winning be if there are 54 numbers instead of 53 with one winning ticket?3. Suppose the Lottery Commission offers a Pick 5 game, where the players choose 5 out of 40 numbers.  What would the odds of winning be if there are three winning tickets in this drawing? scoring rubric0 wordsATTACH FILE(S)DRAG & DROPMax size 4.0 GBSAVE

The salary of A is 20% lower than B’s salary and the salary of C is 56.25% greater than A’s salary. By how much percent the salary of B is less than the salary of C.

The mean monthly salary paid to all the employees of a company was Rs 10,000. The mean monthly salary paid to male and female employees was Rs 10,400 and Rs 8400 respectively. Find the percentage of males and females employed by the company. (Ans.: 80, 20

The ratio of CEO to average employee pay in the United States is about Blank______.Multiple choice question.50 to 1150 to 1350 to 1500 to 1

(b) The mean salary is the sum of all the salaries divided by the number of salaries. The original sum of the salaries is 6920. � � � ℎ � 6920.Ifthe613 salary changes to 406 , � ℎ � � � � � � � � � � ℎ � � � � � � � � � � � 406,thenewsumofthesalariesis6713. The original mean is 6920 / 9 = 6920/9=769.11 (rounded to the nearest cent). The new mean is 6713 / 9 = 6713/9=746.00

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