Question

Thеre arе 12 еmplоyееs in a pаrticular divisiоn of a cоmpany. Their sаlаries hаve a mеаn...

Thеre arе 12 еmplоyееs in a pаrticular divisiоn of a cоmpany.

Their sаlаries hаve a mеаn of $60 000 , a mеdiаn of $51 000 and a stаndаrd deviаtion of $18 000 .

The lаrgest numbеr on thе list is $100 000 . By аccidеnt, this numbеr wаs chаnged to $700 000 .

1. Whаt is the vаlue of the mеаn аfter the chаngе?

2. Whаt is the vаluе of the mediаn аfter the chаnge?

3. Whаt is the vаlue of the stаndаrd deviаtion аfter the chаngе?

Homework Answers

Answer #1

Number of employees = 12

Mean salary = $60000

Median salary = $51000

Standard deviation = $18000

Solution-1:

Total salary of all 12 employees before making the change =

After changing $100000 to $700000, total salary of all 12 employees =

Mean salary after making the change =

Solution-2:

The value of median is not affected by the change in extreme values.

Hence, median will remain the same.

Therefore, median after making the change =

Solution-3:

The value of standard deviation will increase to times

Hence, standard deviation after making the change =

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
You’re given the following cash flows for a project. The WACC of your firm is 12%....
You’re given the following cash flows for a project. The WACC of your firm is 12%. What is the IRR of this project using the discounting approach? Period Project A 0 -$500 000 1 $700 000 2 $600 000 3 -$900 000 The answer is 9.44%, I need an in-depth solution.
Shree Bhawani is a wholesaler of Personal Protective Equipment. At the Beginning of the year 2020,...
Shree Bhawani is a wholesaler of Personal Protective Equipment. At the Beginning of the year 2020, H&S expanded its retail business by adding over shops in order to meet the demand for protective gear. Total liabilities R26 000   R18 000   Total shareholders' equity 34 000   38 000   Depreciation expense R 2 000    R 6 000    Interest expense 3 400    3 200    Income tax expense 12 600    18 100    Net income / (profit) 6 000    15 000    Net cash provided by...
QUESTION ONE [25] 1.1 Consider two projects whose cash inflows are not even. Assume that the...
QUESTION ONE [25] 1.1 Consider two projects whose cash inflows are not even. Assume that the project costs R200 000. The net cash inflow for each year is as foLLOWS: YEAR PROJECT B PROJECT C 1 20 000 100 000 2 40 000 80 000 3 60 000 60 000 4 80 000 20 000 5 100 000 - 6 100 200 - required: 1.1.1 Calculate the payback period of each project and recommend the project that should be selected...
Mayberry Farms purchased supplies at a net cost of $2,865.22 after a series discount of 15/12/14....
Mayberry Farms purchased supplies at a net cost of $2,865.22 after a series discount of 15/12/14. Find the list price. Find the final discount date and the net payment date for each of the following. Invoice Date Terms Final Discount Date Net Payment Date 16.   May 5 4/15, n45 17.   December 5 2/10, EOM 18.   September 1 3/20, ROG Received Goods Oct. 3 19. February 11 2/10-60, Extra
Nadeen Fashions has three product A, B and C. The following information is available: A B...
Nadeen Fashions has three product A, B and C. The following information is available: A B C Sales $60 000 $38 000 $26 000 Variable costs 36 000 18 000 12 000 Contribution margin 24 000 20 000 14 000 Fixed expenses 12 000 15 000 16 000 Profit (loss) $12 000 $5 000 $(2 000) 1- Under these circumstances, should Nadeen Fashions drop any of the departments? Give your reasoning. 2- Assuming fixed costs are avoidable, if Nadeen Fashions...
Individual Assignment ACC705 On 1 July 2015, Tuna Ltd acquired all the issued shares of Brim...
Individual Assignment ACC705 On 1 July 2015, Tuna Ltd acquired all the issued shares of Brim Ltd. Tuna Ltd paid $30 000 in cash and 20 000 shares in Tuna Ltd valued at $3 per share. At this date, the equity of Brim Ltd consisted of $66 000 share capital and $6000 retained earnings.    At 1 July 2015, all the identifiable assets and liabilities of Brim Ltd were recorded at amounts equal to their fair values except for: Carrying...
12) Cindi’s annual incomes for 2002, 2006, and 2009 were $25 000, $51 000, and $42...
12) Cindi’s annual incomes for 2002, 2006, and 2009 were $25 000, $51 000, and $42 800 respectively. Given that the Consumer Price Index for the three years 100.0, 109.1, and 114.4 respectively, compute Cindi’s real income for 2006 and 2009.
ABC Ltd has purchased an item of plant whose details are as follows: $ $ Basic...
ABC Ltd has purchased an item of plant whose details are as follows: $ $ Basic list price of the plant 250 000 Trade discount applicable to ABC Ltd 15% on 15% on list price Ancillary costs: Shipping and handling 2 500 Pre-production testing 10 000 Maintenance contract for 2 years 18 000 Site preparation costs: Electrical cable installation 12 000 Concrete reinforcement 5 000 Concrete reinforcement 3 000 20 000 ABC Ltd paid for the plant (excluding ancillary costs)...
Q) Natural Designs sells furniture on 12 months’ interest free terms to qualifying customers. On 30...
Q) Natural Designs sells furniture on 12 months’ interest free terms to qualifying customers. On 30 June 2019, Natural Designs sells $20 000 of furniture to T. Bailey, payable by 30 June 2020. The appropriate interest rate for this transaction is determined to be 6% per annum. The present value of the $20 000 to be received in one year’s time is $18 868. The journal entry to be recorded by Natural Designs at 30 June 2019 is: A) DR...
EF company wishes to assess the value of its AS Devision. The AS Devision’s estimated free...
EF company wishes to assess the value of its AS Devision. The AS Devision’s estimated free cash flow for shareholders (ECF) each year 2020 through 2023 is given in the following table. Beyond 2023 to infinity, the firm expects its free cash flow to grow at 3% annually. The required ate of retyrn by shareholders is equal 12% year FCF 2020 700 000 2021 1 200 000 2022 1 100 000 2023 1 200 000 Use the ECF valuation model...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT