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Is it possible for eight employees to earn between \(\$ 300\) and \(\$ 350\) while a ninth earns \(\$ 1250\) per week, and the mean to be \(\$ 430 ?\) Verify your answer.

Short Answer

Expert verified
No, it is not possible for eight employees to earn between \$300 and \$350, a ninth employee to earn \$1250, and the mean to be \$430 per week.

Step by step solution

01

Calculate the total salary

The total salary can be calculated as mean multiplied by the total number of employees. This can be achieved using the formula for the mean which is \(\text{mean} = \(\text{Sum of elements} / \(\text{total number of elements}\). Using the provided mean (\$430) and number of employees (9), the total weekly salary is \(\text{total salary} = \$430 * 9 = \$3870\).
02

Calculate the combined salary of eight employees

The salary bracket for the eight employees is between \$300 and \$350. Let's assume the maximum possible salary, i.e. each of them receives \$350. Therefore, the total weekly salary for the eight employees would be \(\$350 * 8 = \$2800\).
03

Calculate the balance of the ninth employee

Minus the total salary of eight employers from the total salary. It can be calculated as \(\$3870 - \$2800 = \$1070\).
04

Comparing the balance with the ninth's employee's salary

It is given that the ninth employee earns \$1250 per week, but we found that the remaining balance from total salary after considering the eight employees' salaries is only \$1070. This is less than \$1250. Hence, it is not possible for eight employees to earn between \$300 and \$350 while a ninth employee earns \$1250 and the weekly mean salary is \$430.

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Key Concepts

These are the key concepts you need to understand to accurately answer the question.

Mean Calculation
Understanding the concept of mean is crucial in statistics. The mean, often called the average, is a foundational concept used to summarize a group of values into a single number. It is calculated by adding all the numbers in a dataset and then dividing by the number of values.
In the given exercise, we are tasked with finding if the mean salary of nine employees could possibly be \(430. To find the total sum of salaries, we multiply the average salary (\( \)430 \)) by the number of employees (9), which equals $3870. This is our target amount for verifying individual salaries and checking the distribution.
Understanding how to compute and use the mean allows us to categorize and analyze data across various fields effectively.
Remember:
  • Total Sum = Mean × Number of Elements
  • Mean = Total Sum / Number of Elements
Salary Distribution
Salary distribution is about how salaries vary within a group of people. In our problem, we have eight employees earning between $300 and $350 and one earning $1250.
Proper salary distribution provides insight into the range and consistency of salaries within a workforce. Here, understanding how to effectively distribute or budget salaries within specific constraints is key.
First, consider the maximum combined salary for the eight employees, assuming they all earn the upper limit, $350 each, leading to a total of $2800. Now, if the entire team is supposed to collectively earn $3870 to maintain a mean of $430, this leaves $1070 for the ninth employee.
Comparing this $1070 to the given $1250 salary exposes a disparity. Thus, ensuring how amounts are distributed among team members is fundamental to planning and budgeting.
Mathematical Verification
Mathematical verification entails confirming the accuracy of findings through careful calculation and analysis. It plays a vital role in validating hypotheses or assumptions made during problem-solving.
In the exercise, we computed each salary component and compared it with the required conditions of the problem. By calculating the total salaries and comparing them with the given conditions, we practiced verification through step-by-step logical reasoning.
Here, we calculated that the remaining balance for the ninth employee could only be $1070 when following the limits for the eight other employees. This check showed us that the initially given conditions do not meet the requirement of average salary being $430 when maintaining all personal salary limits.
Verification highlights discrepancies and solidifies understanding that the mean calculation must account for all individual variations in the dataset.

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