i. For salaries of $102,000, $98,000, $45,000, $106,000 and $101,000, the median would be an appropriate average.
Ii) There are always as many values above the mean as below it.
Iii) Three persons earn $8 an hour, six earn $9 an hour, and one earns $12 an hour. The weighted mean hourly wage is $9.
A) (i), (ii) and (iii) are all correct statements
B) (i) and, (ii) are correct statements but not (iii).
C) (i) and, (iii) are correct statements but not (ii).
D) (ii) and, (iii) are correct statements but not (i).
E) All statements are false

Question

Quizplus · Accepted Answer

The median is appropriate for skewed data like salaries (i). The mean does not always have equal values above and below it (ii). The weighted mean is $9 (iii).

I for Salaries of $102,000, $98,000, $45,000, $106,000 and $101,000