Below is the five-number summary of salaries (in $) for a sample of marketing managers.
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

Below is the five-number summary of salaries (in $) for a sample of marketing managers.
  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 Below is the five-number summary of salaries (in $) for a sample of marketing managers.
  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.

Below Is the Five-Number Summary of Salaries (In $) for a Sample