Consider two small companies, each with 9 employees including 1 boss with the highest salary in each company, and 8 people working for them with lower salaries. The table below gives the annual salaries of the people in each company. These salaries are identical except for the fact that Small Company B is more profitable overall, and their boss decides to keep a much higher salary than the boss of Small Company A. Small Company A Small Company B $85 000 (boss A) $360 000 (boss B) $65 000 $65 000 $60 000 $60 000 $40 000 $40 000 $35 000 $35 000 $35 000 $35 000 $35 000 $35 000 $30 000 $30 000 $30 000 $30 000 For each of the two companies, calculate the mean, median, and mode, and show your answers and calculations in the space below (rounded to the nearest thousands place). After you answer this question, answer the two follow-up questions about the results you just calculated.
Consider two small companies, each with 9 employees including 1 boss with the highest salary in each company, and 8 people working for them with lower salaries. The table below gives the annual salaries of the people in each company. These salaries are identical except for the fact that Small Company B is more profitable overall, and their boss decides to keep a much higher salary than the boss of Small Company A.
|
Small Company A |
Small Company B |
|
$85 000 (boss A) |
$360 000 (boss B) |
|
$65 000 |
$65 000 |
|
$60 000 |
$60 000 |
|
$40 000 |
$40 000 |
|
$35 000 |
$35 000 |
|
$35 000 |
$35 000 |
|
$35 000 |
$35 000 |
|
$30 000 |
$30 000 |
|
$30 000 |
$30 000 |
For each of the two companies, calculate the mean,
After you answer this question, answer the two follow-up questions about the results you just calculated.
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