Part 1 (a) Determine the mean, median, and mode for salary. The mean salary is enter your response here thousand dollars. (Type an integer or a decimal.) Part 2 The median salary is enter your response here thousand dollars. (Type an integer or a decimal.) Part 3 Select the correct choice belo
Part 1 (a) Determine the mean, median, and mode for salary. The mean salary is enter your response here thousand dollars. (Type an integer or a decimal.) Part 2 The median salary is enter your response here thousand dollars. (Type an integer or a decimal.) Part 3 Select the correct choice belo
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Benjamin owns a small Internet business. Besides himself, he employs nine other people. The salaries earned by the employees are given below in thousands of dollars (Benjamin's salary is the largest, of course). Complete parts (a) through (d).
25,
30,
45,
50,
50,
55,
55,
55,
60,
75
Part 1
(a) Determine the mean, median , and mode for salary.
The mean salary is
enter your response here
thousand dollars. (Type an integer or a decimal.)Part 2
The median salary is
enter your response here
thousand dollars. (Type an integer or a decimal.)Part 3
Select the correct choice below and fill in any answer boxes in your choice.
The mode salary is
enter your response here
thousand dollars.(Type an integer or a decimal. Use a comma to separate answers as needed.)
There is no mode.
Part 4
(b) Business has been good! As a result, Benjamin has a total of $25,000 in bonus pay to distribute to his employees. One option for distributing bonuses is to give each employee (including himself) $2,500. Add the bonuses under this plan to the original salaries to create a new data set. Recalculate the mean, median, and mode. How do they compare to the originals?
The mean for the new data set is
enter your response here
thousand dollars.(Type an integer or a decimal.)
Part 5
The median salary for a new data set is
enter your response here
thousand dollars.(Type an integer or a decimal.)
Part 6
Select the correct choice below and fill in any answer boxes in your choice.
The mode salary for the new data set is
enter your response here
thousand dollars.(Type an integer or a decimal. Use a comma to separate answers as needed.)
There is no mode.
Part 7
How do the mean, median, and mode compare to the originals?
The mean increased by $2,500, but the median and the mode did not change.
All three measures increased by $2,500.
All three measures increased by 10%.
The mean, median, and mode did not change.
Part 8
(c) As a second option, Benjamin can give each employee a bonus of 5% of his or her original salary. Add the bonuses under this second plan to the original salaries to create a new data set. Recalculate the mean, median, and mode. How do they compare to the originals?
The mean for the new data set is
enter your response here
thousand dollars.(Type an integer or a decimal.)
Part 9
The median salary for the new data set is
enter your response here
thousand dollars.(Type an integer or a decimal.)
Part 10
Select the correct choice below and fill in any answer boxes in your choice.
The mode salary for the new data set is
enter your response here
thousand dollars.(Type an integer or a decimal. Use a comma to separate answers as needed.)
There is no mode.
Part 11
How do the mean, median, and mode compare to the originals?
The mean, median, and mode did not change.
The mean increased by $2,500, but the median and the mode did not change.
All three measures increased by 5%.
The mean increased by 10%, but the median and the mode did not change.
Part 12
(d) As a third option, Benjamin decides not to give his employees a bonus at all. Instead, he keeps the $25,000 for himself. Use this plan to create a new data set. Recalculate the mean, median, and mode. How do they compare to the originals?
The mean for the new data set is
enter your response here
thousand dollars.(Type an integer or a decimal.)
Part 13
The median salary for the new data set is
enter your response here
thousand dollars.(Type an integer or a decimal.)
Part 14
Select the correct choice below and fill in any answer boxes in your choice.
The mode salary for the new data set is
enter your response here
thousand dollars.(Type an integer or a decimal. Use a comma to separate answers as needed.)
There is no mode.
Part 15
How do the mean, median, and mode compare to the originals?
All three measures increased by $2,500.
All three measures increased by 10%.
The mean increased by $2,500, but the median and the mode did not change.
The mean, median, and mode did not change.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman