1)Explain why a raise of 5% has a different impact on a mean and range then a raise of $2,180...

2)Sarah and John are debating which raise they would prefer, either $2,180 or 5% raise... Sarah believes she would make more money if she took a $2,180 raise. John believes he will make more money with a 5% raise...
Evalute Sarah's and John's argument...

Question

1)Explain why a raise of 5% has a different impact on a mean and range then a raise of $2,180...

2)Sarah and John are debating which raise they would prefer, either $2,180 or 5% raise... Sarah believes she would make more money if she took a $2,180 raise. John believes he will make more money with a 5% raise...
Evalute Sarah's and John's argument...

anonymous · Answer

If you have a million dollars, 5% is 50000, way more than 2180.
In that case any amount greater than 2180*20 would be better to do the 5%, because 5% would be more than 2180, since 2180 is 5% of 2180*20