Answer:
a) $40920
b) $38500
Step-by-step explanation:
Given:
5 employees,
Mean = $40300
Median = $38500
Min = $32000
If he lowest paid employee gets a $3100 raise, then his salary becomes
$32000+$3100=$35100
a) If the mean was $40300, then the sum of 5 salaries is
After raising the lowest salary the sum becomes
and new mean is
b) The lowest salary becomes $35100. It is still smaller than the median, so the new median is the same as the old one.
New median = $38500