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25 January, 22:56

Of the 13 employees in a certain department, 1 has an annual salary of $38,000, 2 have an annual salary of $45,000 each, 2 have an annual salary of $42,500 each, 3 have an annual salary of $40,000 each, and 5 have an annual salary of $48,500 each. What is the median annual salary for the 13 employees

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  1. 26 January, 00:38
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    The median annual salary for the 13 employees would be $45,000

    Explanation:

    In this question, we use the median formula which is shown below:

    Median = (Number of employees + 1) : 2

    = (13 + 1) : 2

    = 14 : 2

    = 7

    So, the median value will be 7th value from the lowest income to the highest income

    Rank wise income is shown below:

    1. Annual salary $38,000 (1st)

    2. Annual salary $40,000 (2nd to 4th)

    3. Annual salary $42,500 (5th to 6th)

    4. Annual salary $45,000 (7th to 8th)

    5. Annual salary $48,500 (9th to 13th)

    So, the median annual salary for the 13 employees would be $45,000 as it lies in the 7th to 8th value.
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