How does the median change? The firm in Exercise 3.67 gives no raises to the clerks and junior accountants, while the owner's salary increases to $455,000. How does this change affect the mean? How does it affect the median?
Mean versus median. A small accounting firm pays each of its six clerks $35,000, two junior accountants $80,000 each, and the firm's owner $320,000. What is the mean salary paid at this firm? How many of the employees earn less than the mean? What is the median salary?