1. Math
  2. Statistics And Probability
  3. following is the fivenumber summary of salaries in for...

Question: following is the fivenumber summary of salaries in for...

Question details

Following is the five-number summary of salaries (in $) for a sample of marketing managers..

Min

O1

Median

Q3

Max

46360

69693

77020

91750

129420

  1. Would you expect the mean salary for this sample of marketing managers to be higher or lower than the median? Explain.
  2. Which would be a more appropriate measure of central tendency for these data, the mean or median? Explain.
  3. Calculate the range.
  4. Calculate the IQR.

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution