Monthly Salaries of Five VPs

XAT 2012 · Quantitative Ability & Data Interpretation · Medium · Statistics

Ramesh analysed the monthly salary figures of five vice presidents of his company. All the salary figures are integers. The mean and the median salary figures are 5 lakh, and the only mode is 8 lakh. Which of the options below is the sum (in lakh) of the highest and the lowest salaries?

  1. A.

    9

  2. B.

    10

  3. C.

    11

  4. D.

    12

  5. E.

    None of the above.

Answer

A

Explanation

Let the 5 integer salaries in ascending order be x1,x2,x3,x4,x5x_1, x_2, x_3, x_4, x_5. Median = 5   ⟹  x3=5\implies x_3 = 5. Only mode = 8   ⟹  x4=x5=8\implies x_4 = x_5 = 8. Mean = 5   ⟹  x1+x2+5+8+8=25  ⟹  x1+x2=4\implies x_1 + x_2 + 5 + 8 + 8 = 25 \implies x_1 + x_2 = 4. Since all are integers and mode is uniquely 8, x1x_1 and x2x_2 must be distinct positive integers less than 5. So x1=1,x2=3x_1 = 1, x_2 = 3. Highest = 8, Lowest = 1. Sum = 1+8=91 + 8 = 9.

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