Consider the Five Number Summary of Hourly Wages ($) for a Sample

question 21

Multiple Choice

Consider the five number summary of hourly wages ($) for a sample of sales managers. $$\begin{array} { | c | c | c | c | c | } \hline \text { Min } & \text { Q1 } & \text { Median } & \text { Q3 } & \text { Max } \\\hline 20.94 & 37.64 & 44.77 & 49.34 & 67.11 \\\hline\end{array}$$ The range for these data is

• A) $11.70
• B) $46.17
• C) $67.11
• D) $20.94
• E) $44.77

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Definitions:

Independent Variables

Variables in an experiment or regression model that are manipulated or categorized to determine their effect on dependent variables.

Correlation

A statistical measure that indicates the extent to which two or more variables fluctuate together, implying a possible relationship but not causation.

Independent Variables

Variables in an experiment or model that are manipulated or classified to see their effect on dependent variables.

Dependent Variables

Variables in an experiment or model that are expected to change in response to changes in the independent variables.