 |
CALCULATION OF MINIMUMS, MIDPOINTS, & MAXIMUMS
Given either a minimum, midpoint or maximum, and a range spread (RS), the two
remaining figures may be calculated by producing a factor from the formulas in
the following table and multiplying by the known quantity.
| To find: |
Minimum |
Midpoint |
Maximum |
If known figure is: |
Minimum |
|
((2+RS)/2) |
(1+RS) |
| Midpoint |
(2/(2+RS)) |
|
((2+(2*RS))/(2+RS)) |
| Maximum |
(1/(1+RS)) |
((2+RS)/((2+(2*RS)))) |
|
For example: If a given maximum salary is $1,500 and the desired range spread is 40%,
then the midpoint salary may be found by selecting the appropriate factor formula from the
table, then inserting the range spread (RS) of 40%, and multiplying by the salary of
$1,500:
((2+.40)/((2+(2*.40))))*$1,500, or
(2.4/2.8)*$1,500 = $1,286
|