Below is the five-number summary of salaries (in $) for a sample of marketing managers.
Suppose the marketing manager who was earning $129,420 got a raise and is now earning $140,000. Indicate how this change would affect the following summary statistics (increase, decrease, or stay about the same).
a. Mean
b. Median
c. Range
d. IQR
e. Standard deviation

Question

Below is the five-number summary of salaries (in $) for a sample of marketing managers.
  Suppose the marketing manager who was earning $129,420 got a raise and is now earning $140,000. Indicate how this change would affect the following summary statistics (increase, decrease, or stay about the same).
a. Mean
b. Median
c. Range
d. IQR
e. Standard deviation

Quizplus · Accepted Answer

The Answer of Below is the five-number summary of salaries (in $) for a sample of marketing managers.
  Suppose the marketing manager who was earning $129,420 got a raise and is now earning $140,000. Indicate how this change would affect the following summary statistics (increase, decrease, or stay about the same).
a. Mean
b. Median
c. Range
d. IQR
e. Standard deviation

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