Answer:
$ 78.68
Step-by-step explanation:
The following data were obtained from the question:
Pay >>>>>>>>>> Frequency
40 – 59 >>>>>> 15
60 – 79 >>>>>> 58
80 – 99 >>>>>> 27
100 – 119 >>>>> 22
Mean pay =?
Next, we shall determine the class pay. This can be obtained by adding the pay together and dividing by 2 as shown below:
L => is the lower pay interval
U => is the upper pay interval
Pay >>>>>>>>>> Class pay [(L+U)/2)]
40 – 59 >>>>>> 49.5
60 – 79 >>>>>> 69.5
80 – 99 >>>>>> 89.5
100 – 119 >>>>> 109.5
Thus, the table becomes
Pay >>>>>> Class pay >> Frequency
40 – 59 >> 49.5 >>>>>>> 15
60 – 79 >> 69.5 >>>>>>> 58
80 – 99 >> 89.5 >>>>>>> 27
100 – 119 > 109.5 >>>>>> 22
The mean pay can be obtained as follow:
Summation of class pay and frequency (ΣCF) = (49.5×15) + (69.5×58) + (89.5×27) + (109.5×22)
= 742.5 + 4031 + 2416.5 + 2409
= 9599
Summation of frequency (ΣF) = 15 + 58 + 27 + 22
= 122
Mean pay = ΣCF / ΣF
ΣCF = 9599
ΣF = 122
Mean pay = 9599 / 122
Mean pay = $ 78.68
Therefore, the mean pay is $ 78.68
