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The owner of a small company has 15 employees. Five employees earn $25,000 per year, seven earn $30,000 per year, three earn $40,000 per year, and...
The owner of a small company has 15 employees. Five employees earn
$25,000 per year, seven earn $30,000 per year, three earn $40,000 per year, and the
owner´s annual salary is $153,000.
a. Find the mean and median salaries of all 16 persons in the company.
b. Find the mean and median salaries if the owner´s salary is increased by $80,000