Small cell phone manufacturing company mean or median

Assignment Help Business Management

Reference no: EM13369863

Small cell phone manufacturing company: mean or median salaries statistic

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

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?

Which statistic would this company's labor union representative be most likely to cite during contract negotiations and why? Which statistic would the company president most likely report at the annual shareholders' meeting and why?

Reference no: EM13369863

Questions Cloud

Wal-mart location planning response to local negative : wal-mart location planning response to local negative criticismswal-mart wants to build one of their stores in a small

Monopolistic competition sample questionbusinesses selected : monopolistic competition sample questionbusinesses selected laundry detergent.assume the business operates in market

Management of a global businesswhat are the requirements : management of a global businesswhat are the requirements for successful management of the global business? how are they

In the late 1980s and early 1900s public universities found : in the late 1980s and early 1900s public universities found that they were no longer immune to the financial stress

Small cell phone manufacturing company mean or median : small cell phone manufacturing company mean or median salaries statistica small cell phone manufacturing company using

Should individuals save for their own retirement rather : should individuals save for their own retirement rather than social security benefits?the government now spends close

Should social security and health care be left to : should social security and health care be left to individuals as their own expense?government failure occurs when

Business in germanywrite paragraphs on any aspect of : business in germanywrite paragraphs on any aspect of business in germany. write on at least subjects dealing with

Creative thinking by employeesthe ceo of your company has : creative thinking by employeesthe ceo of your company has been extremely frustrated with what has been occurring within

User Account

All Pages