The HR Department for RAD Industries has made public the following information salary information for their employees:15 employees have a salary of $21,50011 employees have a salary of $23,00017 employees have a salary of $25,8002 employees have a salary of $31,5004 employees have a salary of $38,9001 employee has a salary of $147,000 Find the mean, median, and mode salary for RAD IndustriesMean:_______________Median: _____________Mode: _______________What is the best statistic to describe the data? Why?

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PREALGEBRA

15th Edition

ISBN:9781938168994

Author:OpenStax

Publisher:OpenStax

Chapter5: Decimals

Section5.5: Averages And Probability

Problem 400E: The cash register receipts each day last week at a coffee shop were $1,845. $1,520. $1,438, $1,682,...

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The HR Department for RAD Industries has made public the following information salary information for their employees:
1. 15 employees have a salary of $21,500
2. 11 employees have a salary of $23,000
3. 17 employees have a salary of $25,800
4. 2 employees have a salary of $31,500
5. 4 employees have a salary of $38,900
6. 1 employee has a salary of $147,000

Find the mean, median, and mode salary for RAD Industries
1. Mean:_______________
2. Median: _____________
3. Mode: _______________

What is the best statistic to describe the data? Why?

Definition Definition Measure of central tendency that is the value that occurs most frequently in a data set. A data set may have more than one mode if multiple categories repeat an equal number of times. For example, in a data set with five item—3, 5, 5, 29, 473—the mode is 5 because it occurs twice and no other value occurs more than once. On a histogram or bar chart, the element with the highest bar represents the mode. Therefore, the mode is sometimes considered the most popular option. The mode is useful for nominal or categorical data (e.g., the most common color car that users purchase), but it is problematic for continuous data because it is more likely not to have any value that is more frequent than the other.

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Find the mean, median, and mode salary for RAD Industries Mean:_______________ Median: _____________ Mode: _______________ What is the best statistic to describe the data? Why?

Find the mean, median, and mode salary for RAD Industries Mean:_________ Median: _ Mode: _________ What is the best statistic to describe the data? Why?