Benjamin owns a small Internet business. Besides himself, he employs nine other

Question

Benjamin owns a small Internet business. Besides himself, he employs nine other people. The salaries earned by the employees are given below in thousands of dollars (Benjamin's salary is the largest, of course) Complete parts (a) through (d) below 10, 35, 40, 50, 50, 50, 55, 55, 65, 80 (Type an integer or a decimal. Do not round) The median salary is 50 thousand dollars Type an integer or a decimal. Do not round) Select the correct choice below and ill in any answer boxes in your choice A. The mode salary is 50 thousand dollars O B. There is no mode. (b) Business has been goodl As a result, Benjamin has a total of $24.500 in bonus pay to distribute to his employees One option for distributing bonuses is to give Type an integer or a decimal. Do not round. Use a comma to separate answers as needed) each employee (including himsel? $2,450. Add the bonuses under this plan to the original salaries to create a new data set. Recalculate the mean, median, and mode. How do they compare to the originals? The mean for the new data set is 51.45 thousand dollars (Type an integer or a decimal Do not round) The median salary for a new data set is? thousand dollars. (Type an integer or a decimal. Do not round)

Explanation / Answer

b) The new data set is

2460, 2485, 2490, 2500, 2500, 2500, 2505, 2505, 2515, 2530

i) mean = (2460 + 2485 + 2490 + 2500 + 2500 + 2500 + 2505 + 2505 + 2515 + 2530)/10 = 2499

ii) median = (2500 + 2500)/2 = 2500

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