The mean monthly salary of five employees in a school is `3000. If one of the employees retires, then the mean monthly salary of the remaining employees becomes `3200. What was the monthly salary of the employee who retired at the time of the retirement?
We know that,
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Where,
= Mean, xi = observations and n = no. of observations.
Let the salary of the retired employee be x and sum of other employees’ salary be S.
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⇒ S + x = 15000……… (1)
Also,
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⇒ S = 12800
Substituting value of S in (1), we get -
12800 + x = 15000
⇒ x = 2200
∴ salary of retired employee = 26
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