Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

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!

Update:

So what is the answer?

What can they pay the 6th person without exceeding their budget?

Update 2:

Nevermind! I figured it out! Thanks anyway :)

1 Answer

Relevance
  • Anonymous
    1 decade ago
    Favorite Answer

    35,000*6=210000

    210000- (37000+38000+33000+39000+29000)=$34,000

Still have questions? Get your answers by asking now.