Question

centerville tech company
at the centerville tech company, seven employees from the software
development team decided to anonymously share their monthly
salaries as part of a salary transparency initiative. the salaries for the
month of june are shown.

• employee a: $3,200
• employee b: $3,500
• employee c: $3,300
• employee d: $3,400
• employee e: $3,250
• employee f: $3,775
• employee g: $3,500

what is the mean monthly salary?

Explanation:

Step1: Calculate the sum of salaries

Sum \( S=3200 + 3500+3300 + 3400+3250+3775+3500\)

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Step2: Calculate the mean

The number of employees \(n = 7\). The mean formula is \(\bar{x}=\frac{S}{n}\)
\(\bar{x}=\frac{23925}{7}=3417.86\) (rounded to two decimal places)

Answer:

\(3417.86\)