Find the mean and median wage

Assignment Help Basic Statistics

Reference no: EM131393241

Payroll. A small warehouse employs a supervisor at $1200 a week, an inventory manager at $700 a week, six stock boys at $400 a week, and four drivers at $500 a week.

a) Find the mean and median wage.

b) How many employees earn more than the mean wage?

c) Which measure of center best describes a typical wage at this company, the mean or the median?

d) Which measure of spread would best describe the payroll, the range, the IQR, or the standard deviation? Why?

Reference no: EM131393241

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