Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

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?

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M9739479

Have any Question?


Related Questions in Business Management

Introduce yourself to the class and identify an issue

Introduce yourself to the class and identify an issue related to the perception of business as a part of society. Is business seen as good or bad for the environment by the public? How does your role in business fit into ...

How does diversity affect social justicewhat adjustments

How does diversity affect Social justice? What adjustments need to be made to facilitate participation by people with a disability in a workplace?

Discuss the transportation and logistics management and its

Discuss the transportation and logistics management and its impact on various economic activities.

When applying industry analysis and organizational

When applying industry analysis and organizational structure determine when past industry performance is a good indicator of future profitability and when is it not a good indicator? and why, please explain the logic so ...

What is the basic premise of abraham maslows hierarchy of

What is the basic premise of Abraham Maslow's hierarchy of needs theory and what levels comprise the hierarchy?

Youre a tourist visiting new york and youve budgeted 1400

You're a tourist visiting New York, and you've budgeted $1400 to spend on hoodies from Supreme and BAPE. Your friends have told you that a hoodie costs $350 at either store, and you plan to buy 2 of each. When you arrive ...

What should ngos non-governmental organization do in

What should NGOs (non-governmental organization) do in regions of conflict or war? The benefits of having NGO's personnel in such regions outweigh the risks?

Miriam is a senior manager for an international chain of

Miriam is a senior manager for an international chain of fitness centers. Two suppliers provide exercise machines for her company. Which of the following is the wisest advice on how Miriam should manage her suppliers? 1. ...

Problem 1 modify class account to provide a method called

Problem 1. Modify class Account to provide a method called debit that withdraws money from an Account. Ensure that the debit amount does not exceed the Account's balance. If it does, the balance should be left unchanged ...

Identify two human resource stakeholders such as managers

Identify two human resource stakeholders (such as managers, employees, other businesses in the industry, etc.) in the job analysis process, and discuss what they contribute to the process and how the information they pro ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As