Following Is the Five Number Summary of the Hourly Wages

question 16

Essay

Following is the five number summary of the hourly wages ($) for advertising /
promotion managers displayed in question 1. $$\begin{array} { | c | c | c | c | c | } \hline \text { Min } & \text { Q1 } & \text { Median } & \text { Q3 } & \text { Max } \\\hline 19.64 & 29.36 & 34.18 & 40.86 & 57.26 \\\hline\end{array}$$
A. Would you expect the mean salary for this sample of marketing managers to be higher
or lower than the median? Explain.
b. Which would be a more appropriate measure of central tendency for these data, the
mean or median? Explain.
c. Calculate the range.
d. Calculate the IQR.

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Definitions:

Independent Premise

An assertion in an argument that stands alone and does not require support from another premise to be understood or validated.

Argument

A connected series of statements intended to establish a proposition or persuade someone of a particular point of view.

Logic

The study of reasoning, or the study of the principles and criteria of valid inference and demonstration.

Evaluating

The process of assessing or judging the value, nature, character, or quality of something.