if a company has 5 employees with annual salaries of $90,000, $60,000 ,$70,000 ,$90,000 and $20,000 respectively, what is the mean annual salary at the company?

Mean annual salary = $66,000

Explanation:

Given the following data;

To find the mean annual salary at the company;

First of all, we would find the total amount of salaries.

Total amount = 90,000 + 60,000 + 70,000 + 90,000 + 20,000

Total amount = $330,000

Next, we would calculate the mean annual salary at the company;

Substituting into the above formula, we have;

Mean annual salary = $66,000

(a) when insurance is obtained through a reciprocal insurer, the insureds are sharing the risk of loss with other subscribers of that reciprocal.

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