Solution: | Ordering the
data from least to greatest, we get: $27,000, $29,000, $30,000, $31,000, $32,000, $35,500, $40,000, $43,000 |
Since there is an even number of items in the data set, we compute the median by taking the mean of the two middlemost numbers. | |
$31,000 + $32,000 = $63,000 | |
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Answer: | The median salary is $31,500. |