Wouldnt mean salary be a better representation of the public then median?
In: Other
Let’s say you have a company with 10 employees.
1. $1 salary
2. $2 salary
3. $3 salary
4. $4 salary
5. $5 salary
6. $6 salary
7. $7 salary
8. $8 salary
9. $9 salary
10. $100 salary
The median salary is $5. The mean salary is $14.5 . Which do you think better represents the “average” salary?
Latest Answers