Question

the annual salaries of the sales team at pats company are listed in the table. what is the mean salary of a salesperson at the company?

Explanation:

Step1: Sum all salaries

$$42000 + 80000+50000 + 56000+45000+63000+42000+72000$$
$$=(42000 + 42000)+(80000+72000)+(50000+56000)+(45000+63000)$$
$$=84000+152000+106000+108000$$
$$=450000$$

Step2: Divide by the number of data points

There are \(n = 8\) data points. The mean \(\bar{x}=\frac{450000}{8}=56250\approx56000\) (rounded to the nearest ten - thousand)

Answer:

\(\$56,000\)