Question

At a department store, 1 employee receives $740.00 as a monthly wage, 5 each receive $650.00, and 6 each receive $601.00. What is the average (arithmetic mean) monthly wage for these 12 employees?

a. $620.42
b. $635.83
c. $650.00
d. $701.00

Answer 1

To find the average monthly wage for the 12 employees, multiply each employee's wage by the number of employees and then divide the total by 12.

Step-by-step explanation:

To find the average (arithmetic mean) monthly wage for the 12 employees, we need to calculate the total monthly wages and divide it by the number of employees. Here's how you can do it:

1. Multiply the number of employees by their respective monthly wages: 1 * $740 + 5 * $650 + 6 * $601 = $740 + $3250 + $3606 = $7603.
2. Divide the total monthly wages by the number of employees: $7603 / 12 = $633.58.

So, the average monthly wage for these 12 employees is $633.58. Therefore, the correct answer is option b. $635.83.