22 The annual salary of the staff members in a state government agency are shown here. The first column shows the annual salary (S) and the second column the frequency (the number of employees earning that salary) labeled F. The mean salary of agency's staff is: S F $120,000 1 91,000 2 86,000 4 65,000 10 57,500 24 44,000 10 m

22 The annual salary of the staff members in a state government agency are shown here. The first column shows the annual salary (S) and the second column the frequency (the number of employees earning that salary) labeled F. The mean salary of agency's staff is: S F $120,000 1 91,000 2 86,000 4 65,000 10 57,500 24 44,000 10 m

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter2: Mathematics For Microeconomics

Section: Chapter Questions

Problem 2.16P

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16 The weekly salary of sales staff of a department store are shown below. "f" is the frequency or the number of staff members earning the stated salary (x). Salary Frequency x f $590 7 680 6 940 29 980 10 1540 2 1880 1 The mean weekly salary is _______. a $868 b $913 c $961 d $1,012
24 John works in an appliance store. His sales commission depends on the number of units sold per period, and the overall average price of all units sold. The following is a report of his sales effort in a given month. The report shows the price and the percent of total units sold at that price. Percent of total units Item Price sold A $1,640 10% B 1270 25% C 860 35% D 460 20% E 200 10% The overall mean price of all items sold is, a $930.64 b $912.39 c $894.50 d $876.96
G. Thumb, the leading salesperson for the Moe D. Lawn Landscaping Company, turned in the following summary of sales for the week of October 23–28: Date No. of Clients Oct. 23 13 Oct. 24 8 Oct. 25 10 Oct. 26 15 Oct. 27 10 Oct. 28 22 Find the mean, median, and mode. (If an answer does not exist, enter DNE.) mean clients median clients mode clients
Suppose that the distribution of Uber rides around the quoted arrival time is normally distributed. Themean waiting time (relative to the quoted time) is 0, with a standard deviation of 3 minutes.a. Using the empirical rule, what percentage of rides arrive within 3 minutes of the mean (3 minutesbefore to 3 minutes after)?b. Graphically depict the area that would need to be calculated to determine the probability ofwaiting more than 4 minutes for a ride. Explain your graph.
ASAP Exercise 7-48 (Algo) (LO7-3) According to a government study among adults in the 25- to 34-year age group, the mean amount spent per year on reading and entertainment is $2,125. Assume that the distribution of the amounts spent follows the normal distribution with a standard deviation of $439. (Round your z-score computation to 2 decimal places and final answers to 2 decimal places.) a. What percent of the adults spend more than $2,400 per year on reading and entertainment? b. What percent spend between $2,400 and $3,400 per year on reading and entertainment? c. What percent spend less than $1,000 per year on reading and entertainment?
Tom is a salesman. The following are the details regarding source of his income. Base weekly salary = $350 Sales commission = 12% of price the item sold Average price of items sold = $270 Average weekly number of items sold, E(x) = 30 Standard deviation of number of items sold per week, sd(x) = 6.8 Number of weeks a year Tom works = 48 25 Tom's average annual earnings is ________. a $65,042 b $63,456 c $61,908 d $60,398
Need answer 10 and 11
Given the following data .Find the OLS estimators using the deviation method. Y 6 10 9 14 7 5 X1 1 3 2 -2 3 5 X2 3 -1 4 6 2 4
find AWx(10%) and AWy(10%)
Answer is 10,786.8
3E02
ONLY NEED QUESTIONS 10, and 13

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22	The annual salary of the staff members in a state government agency are shown here. The first column shows the annual salary (S) and the second column the frequency (the number of employees earning that salary) labeled F.

	The mean salary of agency's staff is: