[Solution Library] A sample of 10 employees in a company was taken. Their salaries have a sample mean of $75,000, a median of $58,000, and a sample standard
Question: A sample of 10 employees in a company was taken. Their salaries have a sample mean of $75,000, a median of $58,000, and a sample standard deviation of $52,000. The highest salary on the list is $100,000. This number should actually be $1,000,000 (CEO). You need redo the calculation.
- What is the value of the mean after the update?
- What is the value of the median after the update?
- What is the value of the standard deviation after the update?
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