You handle the payroll at a small company whose president boasts that the average salary at his company is $54,000.What is the statistical reason for this distorted view of the company's average pay? Then,using the salaries listed below for everyone that works at this company determine the mean,median,mode,and range of salaries for this small company.
Salaries: $200,000 (president's salary); $100,000 (vice-president's salary)
Other eight employees earn $30,000 each.

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The Answer of You handle the payroll at a small company whose president boasts that the average salary at his company is $54,000.What is the statistical reason for this distorted view of the company's average pay? Then,using the salaries listed below for everyone that works at this company determine the mean,median,mode,and range of salaries for this small company.
Salaries: $200,000 (president's salary); $100,000 (vice-president's salary)
Other eight employees earn $30,000 each.

You Handle the Payroll at a Small Company Whose President