Consider the Following to Answer the Question(s) Below

question 26

Multiple Choice

Consider the following to answer the question(s) below:
Below is a histogram and the five-number summary for salaries (in $) for a sample of marketing managers.
-Suppose the marketing manager who was earning $129,420 got a raise and is now earning $140,000. Which one of the following statements is true?

• A) The mean would increase.
• B) The median would increase.
• C) The range would stay the same.
• D) The IQR would increase.
• E) The IQR would decrease.

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Definitions:

Work Relief

Programs provided by governments or organizations offering employment to those in need, often to alleviate unemployment during economic downturns.

Business Owners

Individuals who own and operate a business, assuming both the risks and rewards associated with running the enterprise.

Government Involvement

The participation or intervention of a governmental body in various aspects of society, including the economy, education, and public policy.