The mean salary of 5 employees is 41000 The median is 39500

The mean salary of 5 employees is $41000. The median is $39500. The lowest paid employee\'s salary is $31500. If the lowest paid employee gets a $13500 raise, then ...

What is the new mean?

What is the new median?

Solution

Sum of salaries of 5 employees = 5x$41000 = $205000

the lowers paid employee gets a $ 13500 raise, then the total sum of salaries = $13500 +$205000

                                                   = $218500

New Mean = $218500/5 = $43700

The median of a set of data is the “middle element” when the data is arranged in ascending order.

So, median does not change as the number of employees remain same $ 39500