Solved

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

Question 13

Multiple Choice

Here are the summary statistics for the monthly payroll for an accounting firm:  lowest salary =$60,000\text { lowest salary } = \$ 60,000 \text {, }  mean salary =$140,000\text { mean salary } = \$ 140,000 \text {, } median = $100,000,range = $240,000, IQR = $120,000,  first quartile =$70,000\text { first quartile } = \$ 70,000 standard deviation = $80,000.
Suppose that business has been good and the company gives every employee a $10,000\$ 10,000 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:

verifed

Verified

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

Related Questions