Interpret Summary Statistics A) an Increase in the Median

question 6

Multiple Choice

Interpret summary statistics.
-Consider the five number summary of hourly wages ($) for a sample of advertising /
Promotion managers. Suppose there had been an error and that the lowest hourly wage
Was $15.50 instead of $19.64. This would result in $$\begin{array} { | c | c | c | c | c | } \hline \text { Min } & \text { Q1 } & \text { Median } & \text { Q3 } & \text { Max } \\\hline 19.64 & 29.36 & 34.18 & 40.86 & 57.26 \\\hline\end{array}$$

• A) an increase in the median.
• B) an increase in the standard deviation.
• C) a decrease in the range.
• D) a decrease in the IQR.
• E) an increase in the mean.

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