The Following Sample Data Shows the Starting Salaries of Six

question 20

Essay

The following sample data shows the starting salaries of six graduates from the accounting program at California Polytechnic State University.The data are 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.

---

Definitions:

Capital

Financial assets or resources owned by an individual or organization, particularly those used to generate income or investment.

Adjusting Journal Entries

Journal entries that are needed in order to update specific ledger accounts to reflect correct balances at the end of an accounting period.

Worksheet

A tool used in accounting to consolidate all of the financial information and to prepare adjusting entries and financial statements.

Account Balances

The amount of money in an account at a specific point in time, reflecting the difference between debits and credits.