The mean company salary is $100,000 per year, but most workers earn minimum wage. How is the mean so high? O A few people are earning extremely high salaries. The mean salary does not include the president's salary. O The salaries fit the normal distribution. The median salary is much higher than the mean.

The mean company salary is $100,000 per year, but most workers earn minimum wage. How is the mean so high? O A few people are earning extremely high salaries. The mean salary does not include the president's salary. O The salaries fit the normal distribution. The median salary is much higher than the mean.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter19: Externalities And Public Goods

Section: Chapter Questions

Problem 19.12P

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The mean company salary is $100,000 per year, but most workers earn minimum wage. How is the mean so high?
A few people are earning extremely high salaries.
The mean salary does not include the president's salary.
The salaries fit the normal distribution.
The median salary is much higher than the mean.

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