salaries for five research - and - development department are given as $48,301, $27,865, $42,566, $39,500…

salaries for five research - and - development department are given as $48,301, $27,865, $42,566, $39,500, $30,800, and $37,500. a. find the mean.\nthe mean is $ .\n(round to the nearest whole number as needed.)

salaries for five research - and - development department are given as $48,301, $27,865, $42,566, $39,500, $30,800, and $37,500. a. find the mean.\nthe mean is $ .\n(round to the nearest whole number as needed.)

Answer

Explanation:

Step1: Recall the mean formula

The mean $\bar{x}=\frac{\sum_{i = 1}^{n}x_{i}}{n}$, where $x_{i}$ are the data - points and $n$ is the number of data - points. Here, the data points are $48391,71865,42566,69500,70800,57560$, and $n = 6$.

Step2: Calculate the sum of the data - points

$\sum_{i=1}^{6}x_{i}=48391 + 71865+42566+69500+70800+57560=360682$.

Step3: Calculate the mean

$\bar{x}=\frac{360682}{6}\approx60113.67$.

Answer:

$60113.67$