Question

If a company has 5 employees with annual salaries of 30000 50000 30000 80000 and 70000 respectively what is the mean annual salary at the company

Answer 1

The answer is 52,000.

You have to add all of the values and divide them by the number of values. In this case you would do 30,000 + 50,000 + 30,000 + 80,000 + 70,000 which equals 260,000 then you would divide that number by 5 since there are 5 values.