Essay
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
Correct Answer:

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a. Increase
b. Stay ...View Answer
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Correct Answer:
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b. Stay ...
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