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A company has two divisions. Division A ...

A company has two divisions. Division A has 105 employees and an average salary of `$60,000`. Division B has 93 employees and an average salary of `$70,000.`
`{:("Quantity A","Quantity B"),("The average salary of all the","$65,000"),("employees at the company",):}`

A

Quantity A is greater.

B

Quantity B is greater.

C

The two quantities are equal.

D

The relationship cannot be determined from the infromation given.

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to calculate the average salary of all employees in the company and then compare it to the given quantity B, which is $65,000. ### Step-by-Step Solution: 1. **Calculate the total salary for Division A**: - Division A has 105 employees with an average salary of $60,000. - Total salary for Division A = Number of employees × Average salary \[ \text{Total salary for Division A} = 105 \times 60,000 = 6,300,000 \] 2. **Calculate the total salary for Division B**: - Division B has 93 employees with an average salary of $70,000. - Total salary for Division B = Number of employees × Average salary \[ \text{Total salary for Division B} = 93 \times 70,000 = 6,510,000 \] 3. **Calculate the total salary for both divisions**: - Total salary for the company = Total salary for Division A + Total salary for Division B \[ \text{Total salary for the company} = 6,300,000 + 6,510,000 = 12,810,000 \] 4. **Calculate the total number of employees**: - Total number of employees = Number of employees in Division A + Number of employees in Division B \[ \text{Total number of employees} = 105 + 93 = 198 \] 5. **Calculate the average salary of all employees**: - Average salary = Total salary for the company / Total number of employees \[ \text{Average salary} = \frac{12,810,000}{198} \approx 64,646.46 \] 6. **Compare the average salary with Quantity B**: - Quantity A (Average salary of all employees) ≈ $64,646.46 - Quantity B = $65,000 Since $64,646.46 is less than $65,000, we conclude that Quantity B is greater. ### Final Answer: - **Quantity A is less than Quantity B**.
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