You have surveyed 5 companies and obtained the following data regarding the midpoints of the base pay range for the job of "benefit clerk": $32,000 (Company A),$31,000 (Company B),$30,000 (Company C),$29,000 (Company D),and $29,000 (Company E). What is the mean for this set of data?
A) $30,000
B) $29,800
C) $30,200
D) $29,000

Question

Quizplus · Accepted Answer

The mean is calculated by adding all the values and dividing by the number of values: ($32,000 + $31,000 + $30,000 + $29,000 + $29,000) / 5 = $30,200.

You Have Surveyed 5 Companies and Obtained the Following Data