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Calculate the arithmetic mean-geometric mean

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Question

A small company reports the following salaries: 4 employees at 20K, 3 employees at 30K, the vice-president at 200K, and the president at 400K. Calculate the arithmetic mean, geometric mean, median, harmonic mean, and mode. If the company is now hiring, would an advertising strategy in which the mean salary is quoted be fair? If not, suggest an alternative.

Reference no: EM133566598

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