Solved

Find the Midrange for the Given Sample Data A) $16,706

Question 148

Multiple Choice

Find the midrange for the given sample data.
-A company had 80 employees whose salaries are summarized in the frequency distribution below. Find the mean salary.  Salary ($)  Employees 5,00110,0001710,00115,0001215,00120,0001220,00125,0001525,00130,00024\begin{array}{l}\text { Salary (\$) Employees }\\\begin{array} { r r } 5,001 - 10,000 & 17 \\10,001 - 15,000 & 12 \\15,001 - 20,000 & 12 \\20,001 - 25,000 & 15 \\25,001 - 30,000 & 24\end{array}\end{array}


A) $16,706.25
B) $17,500
C) $18,562.50
D) $20,418.75

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions