Here are the summary statistics for the monthly payroll for an accounting firm: lowest salary = $15,000
Mean salary = $\$ 35,000$ median = $25,000
Range = $60,000
IQR = $30,000
First quartile = $17,500
Standard deviation = $20,000
Do you think the distribution of salaries is symmetric,skewed to the left,or skewed to the right? Explain why.
A)Skewed to the left; mean is lower than median.
B)Skewed to the right; mean is higher than median.
C)Symmetric; mean is higher than median.
D)Skewed to the left; mean is higher than median.
E)Skewed to the right; mean is lower than median.

Question

Quizplus · Accepted Answer

The distribution is skewed to the right because the mean salary ($35,000) is higher than the median salary ($25,000), indicating that higher salaries are pulling the mean to the right of the median.

Here Are the Summary Statistics for the Monthly Payroll for an Accounting