Following is the five number summary of the hourly wages ($) for advertising /
promotion managers displayed in question 1. $$\begin{array} { | c | c | c | c | c | }
\hline \text { Min } & \text { Q1 } & \text { Median } & \text { Q3 } & \text { Max } \
\hline 19.64 & 29.36 & 34.18 & 40.86 & 57.26 \
\hline
\end{array}$$
a. Would you expect the mean salary for this sample of marketing managers to be higher
or lower than the median? Explain.
b. Which would be a more appropriate measure of central tendency for these data, the
mean or median? Explain.
c. Calculate the range.
d. Calculate the IQR.

Question

Following is the five number summary of the hourly wages ($) for advertising / 
promotion managers displayed in question 1. $$\begin{array} { | c | c | c | c | c | } 
\hline \text { Min } & \text { Q1 } & \text { Median } & \text { Q3 } & \text { Max } \
\hline 19.64 & 29.36 & 34.18 & 40.86 & 57.26 \
\hline
\end{array}$$ 
a. Would you expect the mean salary for this sample of marketing managers to be higher
or lower than the median? Explain.
b. Which would be a more appropriate measure of central tendency for these data, the
mean or median? Explain.
c. Calculate the range.
d. Calculate the IQR.

Quizplus · Accepted Answer

The Answer of Following is the five number summary of the hourly wages ($) for advertising / 
promotion managers displayed in question 1. $$\begin{array} { | c | c | c | c | c | } 
\hline \text { Min } & \text { Q1 } & \text { Median } & \text { Q3 } & \text { Max } \
\hline 19.64 & 29.36 & 34.18 & 40.86 & 57.26 \
\hline
\end{array}$$ 
a. Would you expect the mean salary for this sample of marketing managers to be higher
or lower than the median? Explain.
b. Which would be a more appropriate measure of central tendency for these data, the
mean or median? Explain.
c. Calculate the range.
d. Calculate the IQR.

Following Is the Five Number Summary of the Hourly Wages