A performance based company pays its best employee top pay. (M=$15.00/hr) And it's worst employee the lowest rate. (m=$6.00/hr) The company is shooting for an average pay rate each week. (A = $8.50/hr) The number of employees can change week to week, we'll assume 10 for this week. (E=10)
how do you figure how much to give second place and third and so on down to 10th place.
i think variance is the key but all the examples i see ask for the data set first. also i don't know how to adjust for the $8.50/hr average.