what ways can a company leagaly advetise there avergae worker pay?

Question

i only know one way, adding all the data together and dividing to get the average any other ways?

Answer 1

If a business wants to "manipulate" the average worker pay it publicizes, it can use the most favorable of three terms -- any of which can be called "average pay."

MEAN -- commonly called the average To find the mean you add up all the numbers and divide the answer by how many numbers you have.

$10.00
$10.00
$10.00
$10.00
$35.00

"Mean income = $15.00, although most workers make $10.00.

Median -- This is the middlemost number.
$10.00
$11.00
$14.00 -- middlemost number, and the "median income."
$14.25
$14.25

MODE -- most common number.

$8.00
$8.25
$9.00
$12.00
$12.00 --- most common number

Statistics can lie. When average housing prices are released, it's the "median" not the "average -- or the mean" that is released. It's all a matter of which method of calculation the people desire to use.

Answer 2

Errr you can say how much to start, so the minimum wage at the job, for the median wage just take the higher paying jobs that the person is likely to do over time and add the minimum wage and divide by 2(so for example max for job A is $10, min is $5, average is $7.50).