Multiple Choice
Here are the summary statistics for the monthly payroll for an accounting firm: median = $100,000,range = $240,000, IQR = $120,000, standard deviation = $80,000.
Suppose that business has been good and the company gives every employee a raise.Give the new value of each of the summary statistics.
A) Minimum: 60,000; Mean: 140,000; Median: 100,000; Range: 240,000; IQR: 120,000; Q1: 80,000; SD: 80,000
B) Minimum: 70,000; Mean: 150,000; Median: 100,000; Range: 240,000; IQR: 120,000; Q1: 80,000; SD: 80,000
C) Minimum: 70,000; Mean: 140,000; Median: 110,000; Range: 240,000; IQR: 120,000; Q1: 80,000; SD: 80,000
D) Minimum: 70,000; Mean: 150,000; Median: 110,000; Range: 240,000; IQR: 120,000; Q1: 80,000; SD: 80,000
E) Minimum: 60,000; Mean: 150,000; Median: 110,000; Range: 240,000; IQR: 120,000; Q1: 80,000; SD: 80,000
Correct Answer:

Verified
Correct Answer:
Verified
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