Solved

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

Question 65

Multiple Choice

Here are the summary statistics for the monthly payroll for an accounting firm: lowest salary = $30,000,mean salary = $70,000,median = $50,000,range = $120,000,IQR = $60,000,first quartile = $35,000,standard deviation = $40,000.
Do you think the distribution of salaries is symmetric,skewed to the left,or skewed to the right? Explain why.


A) Skewed to the right;mean is higher than median.
B) Skewed to the left;mean is lower 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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions