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

question 5

Multiple Choice

Consider the five number summary of hourly wages ($) for a sample of advertising / promotion managers. $$\begin{array} { | c | c | c | c | c | } \hline \text { Min } & \text { Q1 } & \text { Median } & \text { Q3 } & \text { Max } \\\hline 19.64 & 29.36 & 34.18 & 40.86 & 57.26 \\\hline\end{array}$$ Suppose there had been an error and that the lowest hourly wage was $15.50 instead of
$19) 64. This would result in

• 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.

---

Definitions:

Specific Rewards

Targeted benefits or incentives provided to individuals or groups for achieving certain goals or performance criteria.

Leaders

Individuals who influence and guide others toward achieving common goals through vision, inspiration, and strategic direction.

Recognition

The act of acknowledging or rewarding someone's achievements, skills, or qualities.

Job Well Done

An acknowledgment or appreciation of a task or project that has been completed successfully and satisfactorily.