The Following Sample Data Shows the Starting Salaries of Six

question 39

Essay

The following sample data shows the starting salaries of six graduates from the Accounting Program at California Polytechnic State University.The data is in thousands of dollars.
24,46,48,52,56,58,60
A)Calculate and interpret the 25^th,50^th and 75^th percentiles.
B)Are there any outliers? Is the distribution symmetric? If not,comment on its skewness.

• A)Calculate and interpret the 25^th,50^th and 75^th percentiles.
• B)Are there any outliers? Is the distribution symmetric? If not,comment on its skewness.

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Definitions:

Accounts Receivable

Financial obligations of customers towards a company for delivered but unpaid goods or services.

Net Working Capital

A calculation of a firm's ability to cover its short-term obligations, determined by subtracting current liabilities from current assets.

Inventory

The total amount of goods and materials held in stock by a business or warehouse.