Australian Bureau of Statistics
1332.0.55.002 - Statistical Language!, 2008
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 27/06/2008 First Issue
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HOW DO YOU CALCULATE THE MEAN?
To obtain the mean salary of all employees we do the following:
2. Divide by the number of employees.
3. The result equals the mean.
This is how it will look for the company above:
Thus, the mean income for these nine people is $55,555.56 - in this case a good indication of the central value of the salaries.
This page last updated 26 June 2008
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