What is the simple arithmetic mean of the four area-wise monthly starting…
2024
What is the simple arithmetic mean of the four area-wise monthly starting salaries given for 2020?
Answer: A. ₹ 60750 — ConceptThe simple arithmetic mean gives equal weight to every observation in a data set. For n observations, arithmetic mean = (sum of all observations) ÷ n.…
- A.
₹ 60750
- B.
₹ 63300
- C.
₹ 63333
- D.
₹ 64030
Show answer & explanation
Correct answer: A
Concept
The simple arithmetic mean gives equal weight to every observation in a data set.
For n observations, arithmetic mean = (sum of all observations) ÷ n.
Application
Read the four 2020 monthly starting salaries from column II of the table: Hardware ₹63,800; SQA ₹63,900; Software Development ₹64,400; and Other ₹50,900.
Add the four salaries: ₹63,800 + ₹63,900 + ₹64,400 + ₹50,900 = ₹2,43,000.
Divide the total by the number of employment areas: ₹2,43,000 ÷ 4 = ₹60,750.
Cross-check
Relative to ₹60,750, the deviations are +₹3,050, +₹3,150, +₹3,650, and −₹9,850; their sum is zero, which confirms the mean.
Therefore, the simple arithmetic mean is ₹60,750.