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.
Correct Answer:
Verified
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