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

question 61

Multiple Choice

Here are the summary statistics for the monthly payroll for an accounting firm: lowest salary = $60,000,mean salary = $140,000,median = $100,000,range = $240,000,IQR = $120,000,first quartile = $70,000,standard deviation = $80,000.
Suppose that business has been good and the company gives every employee a $10,000 raise.Give the new value of each of the summary statistics.

• A)Minimum: 60,000;Mean: 140,000;Median: 100,000;Range: 240,000;
• IQR: 120,000;Q1: 80,000;SD: 80,000
• B)Minimum: 70,000;Mean: 150,000;Median: 100,000;Range: 240,000;
• IQR: 120,000;Q1: 80,000;SD: 80,000
• C)Minimum: 70,000;Mean: 140,000;Median: 110,000;Range: 240,000;
• IQR: 120,000;Q1: 80,000;SD: 80,000
• D)Minimum: 70,000;Mean: 150,000;Median: 110,000;Range: 240,000;
• IQR: 120,000;Q1: 80,000;SD: 80,000
• E)Minimum: 60,000;Mean: 150,000;Median: 110,000;Range: 240,000;
• IQR: 120,000;Q1: 80,000;SD: 80,000

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Definitions:

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