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

question 65

Multiple Choice

Here are the summary statistics for the monthly payroll for an accounting firm: lowest salary = $30,000,mean salary = $70,000,median = $50,000,range = $120,000,IQR = $60,000,first quartile = $35,000,standard deviation = $40,000.
Do you think the distribution of salaries is symmetric,skewed to the left,or skewed to the right? Explain why.

• A)Skewed to the right;mean is higher than median.
• B)Skewed to the left;mean is lower 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:

Job Design

The process of defining how work will be performed and what tasks will be required in a given job.

Empowerment

A management practice of sharing information, rewards, and power with employees so that they can take initiative and make decisions to solve problems and improve service and performance.

Flexibility

The ability to adapt, change or be modified to suit new conditions or situations.

Selection Method

The process or technique used by organizations to choose the most suitable candidates from a pool of applicants.