Question: Payroll. A small warehouse employs a supervisor at $1200 a week, an inventory manager at $700 a week, six stock boys at $400 a week, and four drivers at $500 a week.
a) Find the mean and median wage.
b) How many employees earn more than the mean wage?
c) Which measure of center best describes a typical wage at this company, the mean or the median?
d) Which measure of spread would best describe the payroll, the range, the IQR, or the standard deviation? Why?