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

question 13

Multiple Choice

Here are the summary statistics for the monthly payroll for an accounting firm: $\text { lowest salary } = \$ 60,000 \text {, }$ $\text { mean salary } = \$ 140,000 \text {, }$ median = $100,000,range = $240,000, IQR = $120,000, $\text { first quartile } = \$ 70,000$ 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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