A market with 168 operating firms has the following distribution of average number of wofkers in various income groups : Income groups : 150-300 300-500 500-800 800-1200 1200-1800 No. of firms : 40 32 26 28 42 Average No. of workers: 8 12 7.5 8.5 4 Find the average salary paid in the whole market.
A market with 168 operating firms has the following distribution of average number of wofkers in various income groups : Income groups : 150-300 300-500 500-800 800-1200 1200-1800 No. of firms : 40 32 26 28 42 Average No. of workers: 8 12 7.5 8.5 4 Find the average salary paid in the whole market.
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.5: Interpreting Data
Problem 1C
Related questions
Question
Transcribed Image Text:A market with 168 operating firms has the following distribution of average number
of workers in various income groups:
Income groups :
150-300
300-500
500-800
800-1200
1200-1800
No. of firms :
40
32
26
28
42
Average No. of workers :
8
12
7.5
8.5
4
Find the average salary paid in the whole market.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL