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Helen [10]
3 years ago
14

In a small company with 20 employees, 10 employees make $80,000/yr, 6 employees make $ 150,000/yr the 4 highest-paid employees a

ll make $220,000/yr. Calculate the average salary in the company
Mathematics
1 answer:
Elis [28]3 years ago
8 0

Answer:

$129 000/yr

Step-by-step explanation:

Weighted average is used to answer this question.

<em>total employees are 20</em>

10 employees make 80 000

<em>total earning for 10 employees </em>= 80 000 * 10 = 800 000 (multiplying)

6 employees make 150 000

<em>total earning for 6 employees= </em>150 000 * 6 =900 000<em> (multiplying)</em>

4 employees make 220 000

<em>total earning for 4 employees </em>= 220 000 * 4 = 880 00<em>0 (multiplying)</em>

<em />

<em>To calculate weighted average all the totals are added and then divide by total number of employees.</em>

<em>weighted average =</em> (800 000 + 900 000 + 880 000)/20

<em />

<em>weighted average = </em>2580000/20

<em />

<em>Weighted average = </em>129 000

<em />

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