Explanation Consider the 5-salary sample for the software engineer career $47.24, $27.57, $73.90, $38.6, $53.67. The mean salary = 27.57 + 38.6 + 47.24 + 53.67 + 73.90 5 = 240.98 5 = 48.20 that is $48.20, and the median salary is, as the median is the middle value of the list so the reorder list of salaries in ascending order is: $27.57, $38.6, $47.24, $53.67, $73.90. There are five salaries in the list and the middle one is the 3 rd salary that is 47.24, so the median salary is $47.24. Let consider the other career civil engineer salaries as $25.43, $30.56, $39.53, $53.45, $62.43. The mean salary = 25.43 + 30.56 + 39.53 + 53.45 + 62.43 5 = 211.40 5 = 42.28 that is $42.28, and the median salary is $39.53, as the middle salary of the salaries list. Now compare the salaries of software engineer with salaries of civil engineer by comparing their median salary value, so the software engineer earns more salary than the civil engineer. The salary comparison is based on median value because the median is a good measure of the average value in the case where the data set contain exceptionally low or high values because these have little influence on the outcome...

6th Edition

ISBN: 9780137721023

Author: Bennett

Publisher: PEARSON C

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Chapter 6.A, Problem 45E

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What are mean and median salaries for the career and how does these salaries compare to other careers?

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Chapter 6.A, Problem 44E

Chapter 6.A, Problem 46E

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