A Sample Was Taken of the Salaries of 20 Employees

question 18

Multiple Choice

A sample was taken of the salaries of 20 employees of a large company. The following is a boxplot of the salaries (in thousands of dollars) for this year. Based on this boxplot, which of the following statements is true?

• A)The interquartile range is about $20,000.
• B)The minimum salary is $20,000.
• C)The range of the salaries is about $75,000.
• D)The median salary is about $40,000.

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Definitions:

Authority Ranking

A social structure where individuals are ranked according to their power, status, or authority, with clear hierarchies and levels of command.

Market Pricing

The process of determining the selling price of a product or service based on supply, demand, and other market factors.

Equality Matching

A principle of social justice that emphasizes fair distribution of resources and opportunities, ensuring that everyone receives an identical share or treatment.

Community Sharing

The practice of sharing resources, responsibilities, and benefits equally among members of a community.