Calculate the mean median mode and standard deviation

Reference no: EM131065187

A small cell phone manufacturing company using a robotic assembly line employs 13 people with the following annual salaries: $120,000 President $100,000 Vice president $ 75,000 Financial manager $ 65,000 Sales manager $ 40,000 Production manager $ 30,000 Production supervisor $ 30,000 Warehouse supervisor $ 16,000 Six unskilled laborers 1. Calculate the mean, median, mode and standard deviation for the salaries rounded up to the nearest thousand of dollars. Interpret each calculated value. and respond to one of the following: 2. The statistic most often used to describe company salaries is the median or the mean. For this company, does the mean give an accurate description of the salaries? Why or why not?

Reference no: EM131065187

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