In a firm, three employees earns N5,500 each, four earn N3,300 each, two
earns N5,000 each and one earn N7,000. The mean income of the employees
is?
Answer Details
To calculate the mean income of the employees, we need to find the total income earned by all the employees and divide it by the total number of employees.
So, let's calculate the total income earned by all the employees:
(3 x 5,500) + (4 x 3,300) + (2 x 5,000) + 7,000
= 16,500 + 13,200 + 10,000 + 7,000
= 46,700
Now, let's count the total number of employees:
3 + 4 + 2 + 1 = 10
Therefore, the mean income of the employees is:
46,700 / 10 = 4,670
Hence, the answer is N4,670.