Question

(02.02 mc)
the following are beginning salaries for a certain industry in different areas:
$56,250.00
$79,150.00
$61,360.00
$57,120.00
$57,120.00
$63,190.00
$65,370.00
$59,160.00
find the mean of the data set.
$55,256.25
$60,485.00
$62,340.00
$61,456.00

Explanation:

Step1: Sum the data values

$56250 + 79150+61360 + 57120+57120+63190+65370+59160=498720$

Step2: Divide by number of data points

There are 8 data - points. Mean=$\frac{498720}{8}=62340$

Answer:

$62340.00$