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FSOT: 500 Test Prep Study Questions

Category - Mathematics & Statistics

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Your department consists of twelve employees and your total payroll expense for salaries only is $325,000. The organization's average salary is $36,000. What is the relation of your department's average salary to the organization's average?
  1. Your department is about 25% below average
  2. Your department is about 30% below average
  3. Your department is about 25% above average
  4. Your department is about 30% above average
Explanation
Answer: A - Your department is about 25% below average
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