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What was the median annual salary for the employees at Company X last 04 Apr 2020, 21:50
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C
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64% (00:59) correct 36% (00:49) wrong based on 193 sessions

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What was the median annual salary for the employees at Company X last year?

(1) Last year there were 23 employees at Company X.

(2) Last year 12 employees at Company X had an annual salary of $24,000.


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What was the median annual salary for the employees at Company X last 26 Feb 2021, 12:56
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Video solution from Quant Reasoning:
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preetamsaha
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What was the median annual salary for the employees at Company X last Updated on: 04 Apr 2020, 22:30
Originally posted by preetamsaha on 04 Apr 2020, 22:01.
Last edited by preetamsaha on 04 Apr 2020, 22:30, edited 1 time in total.
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What was the median annual salary for the employees at Company X last year?
Statement 1 : Last year there were 23 employees at Company X.
no information about the salaries of any of those 23 employees . insufficient

Statement 2 : Last year 12 employees at Company X had an annual salary of $24,000.
no information about the total no of employees and salaries of the other employees. insufficient


Combining Both Statements :
Last year there were 23 employees at Company X and 12 employees at Company X had an annual salary of $24,000.
since, we know the equal salary of 12 employees , the rest 11 employees's salaries are not required to find the median (12th ) salary. sufficient

answer C
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What was the median annual salary for the employees at Company X last 04 Apr 2020, 22:04
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What was the median annual salary for the employees at Company X last year?

(1) Last year there were 23 employees at Company X.

(2) Last year 12 employees at Company X had an annual salary of $24,000.


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Median annual salary for the employees at Company X last year ==> Middle term

(1) Last year there were 23 employees at Company X. - Not Suff.
We don't know about the salary.

(2) Last year 12 employees at Company X had an annual salary of $24,000. - Not Suff
We don't know no of employees.

Hence C
12th Person Salary = 24,000$
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What was the median annual salary for the employees at Company X last 04 Apr 2020, 22:09
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NandishSS
we don't know the salaries of rest 11 employees , may be greater or smaller than these 12 employees . so we can't arrange all the salaries, so how is possible to find median? rather i think it is possible to find mode, not median.
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What was the median annual salary for the employees at Company X last 04 Apr 2020, 22:16
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preetamsaha It really doesn't matter!!!

For Ex - We have 5 members with 3 of them have 10 $ and we don't know abt remaining 2

If remaining two have 1 each median will 10$.

If remaining two have 20 each median will 10$.
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What was the median annual salary for the employees at Company X last 04 Apr 2020, 22:20
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I hope you are learning a nice trap with my collection :please
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What was the median annual salary for the employees at Company X last 04 Apr 2020, 22:22
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NandishSS GMATBusters
yes, got it. thanks.
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What was the median annual salary for the employees at Company X last 04 Apr 2020, 22:48
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To calculate median salary, we need to know
1. Number of employees
2. The salaries

Statement 1: Number of employees=23
Salary not mentioned
Insufficient
Statement 2: Salary of 12 employees= 24000
Without the number of employees there is no way to calculate the median
Insufficient
Both statements together:
23 employees and 12 have salary of 24000
If the 1st 12 employees have salary 24000, median= salary of 12th employee= 24000
If the last 12 employees have salary 24000, median= salary of 12th employee= 24000
Sufficient

C
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What was the median annual salary for the employees at Company X last 22 Sep 2020, 09:28
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What was the median annual salary for the employees at Company X last year?

(1) Last year there were 23 employees at Company X.

(2) Last year 12 employees at Company X had an annual salary of $24,000.


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I got little confused with Statement 2.
I thought the sum of salaries of 12 employees = 24000.

How to differentiate between sum of salaries of 12 employee and each employee having salary of 24000 ?
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What was the median annual salary for the employees at Company X last 24 Feb 2021, 10:27
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preetamsaha
What was the median annual salary for the employees at Company X last year?
Statement 1 : Last year there were 23 employees at Company X.
no information about the salaries of any of those 23 employees . insufficient

Statement 2 : Last year 12 employees at Company X had an annual salary of $24,000.
no information about the total no of employees and salaries of the other employees. insufficient


Combining Both Statements :
Last year there were 23 employees at Company X and 12 employees at Company X had an annual salary of $24,000.
since, we know the equal salary of 12 employees , the rest 11 employees's salaries are not required to find the median (12th ) salary. sufficient

answer C
This doesnt make any sense....What if the last 11 was more than 24,000?... that means the median will not be 24000....this doesnt make any sense
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What was the median annual salary for the employees at Company X last 08 Feb 2023, 04:53
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