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What is a median salary?

The median salary is the middle value of a salary distribution, where half of the salaries are below it and half are above it. It provides a better representation of typical earnings than the average salary, especially in cases where there are outliers or extreme values that can skew the average. To find the median salary, you arrange all the salaries in ascending order and identify the middle value. If there is an even number of salaries, the median is the average of the two middle values.


What is 11.00 per hour in terms of annual salary?

answer may vary the answer depends on how many hours are worked each year Average person works 40hrs a week. So that's 40hrs times 52weeks is 2080 hours. 2080hrs multiplied by $11 per hour is $22,880. therefore an average salary for a year would be about 23,000 dollars at 11 dollars per hour.


What is the meaning of median salary or average salary?

average salary is a pretty generic term and does not tell you how the number is computed. Usually, but not always, it would be the sum of the salaries divided by the number of salaries. This is known as the mean. The median salary is the "middle" value. That is to say, if you listed all the salaries from lowest to highest, the median would be right in the middle. A more precise statistical definition might say it is the value that separates the higher half of a sample or a probability distribution from the lower half. When you say average, the might indicate the mean salary, but we don't know for sure. The mean is what I described in the first paragraph.


What was salary for a teacher in 1880?

My searches found that in the 1880 the average female teacher earned about $26/month and a male teacher would earn an average or $32 / month. And the school year was only about 18 weeks. Compare that to today where the average beginning salary for a teacher is $2000/month and the school year averages 30 weeks.


What is the difference between mean and median salary?

the mean is the average of all the salaries an the the median is the number that falls in the middle

Related Questions

What is the term for concepts in a study such as the average age of a person up on acquiring his or her first job and the average salary he or she was paid for that job?

Those concepts are referred to as variables in a study. In this case, the variables are the average age of a person upon acquiring their first job and the average salary they were paid for that job. These variables can be studied and analyzed to draw conclusions or make predictions.


What is average salary for a person living in Texas?

15,000 to 25,000! Karlaaahh was here!(:


What is the average person's salary?

about 40,000


What is the average salary in Guatemala?

The average salary per person is $1680 U.S. Dollars, 2008


Where could one find the average salary of a door to door sales person?

The website Adzuna lists the average salary for a door to door sales person in Canada as $37,672. This is 23% lower than the average Canadian salary.


What is the average salary for a math PhD holder?

The average salary for a person with a math PhD is around 100,000 per year.


What is the average salary of a new zealander?

An average income per person is about $30,000


How much was average annual salary in 1965?

How much was average annual salary in 1965?Person who wrote the above sucks.


What is the average salary of one who has an MCITP certification?

The average salary for someone with a MCITP certification is 77000 USD a year. This is an estimate from the year 2011 and will vary from person to person as well as location.


What is the average Hospitalist salary?

The average salary given to a person working in a hospital varies from one person to another, the reason behind this is that salaries are given based on the profession and skills you have, as well as the amount of time you work. The average doctors salary in Canada is around 200000 a year.


What is the average salary for a person practicing medicine?

The average salary for a person practicing medicine depends on their specialty. Doctors in primary care typically make on average $150,000 while specialists and surgeons can easily make $200,000+.


What is the average salary of someone in HR?

Generally speaking, the average salary of someone in human resources is $35,000 to $40,000. The average salary can vary depending on the company one works for, the experience of the individual person, and how much education he or she has.