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Can anyone help me solve this statistics question?
A small company has a limited budget for salaries. It can afford to pay an average of $35,000 a year to its employees. If the first 5 employees are paid $37,000, $38,000, $33,000, $39,000 and $29,000, then how much money can they pay the sixth employee without exceeding their budget?
I have tried to figure it out and I keep getting the wrong answer.
Thanks!
So what is the answer?
What can they pay the 6th person without exceeding their budget?
Nevermind! I figured it out! Thanks anyway :)
1 Answer
- Anonymous1 decade agoFavorite Answer
35,000*6=210000
210000- (37000+38000+33000+39000+29000)=$34,000