FORESTRY
AGRICULTURAL STATISTICS AND ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A small company that prints custom t-shirts has 6 employees, one of whom is the owner and manager. Suppose the owner makes $120, 000 per year and the other employees make between $40, 000 and $50, 000 per year. One day, the owner decides to give himself a$30, 000 raise. Which of the following describes how the company’s mean and median?
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The median would increase by $6, 000 and the mean would not change.
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The mean would increase by $5, 000 and the median would not change.
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The mean and median would both increase by $5, 000.
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The mean would increase by $6, 000, but we cannot determine the change in the median without more information.
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Explanation:
There is 1 question to complete.