Here Are the Summary Statistics for the Monthly Payroll for an Accounting

question 10

Multiple Choice

Here are the summary statistics for the monthly payroll for an accounting firm:
Lowest salary = $15,000
Mean salary = $35,000
Median = $25,000
Range = $60,000
IQR = $30,000
First quartile = $17,500
Standard deviation = $20,000
Do you think the distribution of salaries is symmetric,skewed to the left,or skewed to the right? Explain why.

• A)Skewed to the left;mean is lower than median.
• B)Skewed to the right;mean is higher than median.
• C)Symmetric,mean is higher than median.
• D)Skewed to the left,mean is higher than median.
• E)Skewed to the right,mean is lower than median.

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Definitions:

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