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if a company has 5 employees with annual salaries of $90,000, $60,000 ,$70,000 ,$90,000 and $20,000 respectively, what is the mean annual salary at the company?

Respuesta :

Lanuel

Answer:

Mean annual salary = $66,000

Explanation:

Given the following data;

  • Number of employees = 5
  • Employee's salaries = $90,000, $60,000 ,$70,000 ,$90,000 and $20,000.

To find the mean annual salary at the company;

First of all, we would find the total amount of salaries.

Total amount = 90,000 + 60,000 + 70,000 + 90,000 + 20,000

Total amount = $330,000

Next, we would calculate the mean annual salary at the company;

[tex] Mean \; annual\; salary = \frac {Total \; salary}{Number \; of \; employees} [/tex]

Substituting into the above formula, we have;

[tex] Mean \; annual\; salary = \frac {330,000}{5} [/tex]

Mean annual salary = $66,000

Answer:

66,000

Explanation:

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