How many employees earn more than the mean wage

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Reference no: EM131379587

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: EM131379587

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