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Here Are the Summary Statistics for the Monthly Payroll for an Accounting

Question 10

Multiple Choice

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.

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