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DougMcCartney DougMcCartney
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6 years ago
Below is the five number summary of the hourly wages ($) for advertising / promotion managers.

Min   Q1   Median   Q3   Max
19.64   29.36   34.18   40.86   57.26

a.   Would you expect the mean salary for this sample of marketing managers to be higher or lower than the median? Explain.
b.   Which would be a more appropriate measure of central tendency for these data, the mean or median? Explain.
c.   Calculate the range.
d.   Calculate the IQR.
Textbook 
Business Statistics, Canadian Edition

Business Statistics, Canadian Edition


Edition: 2nd
Authors:
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VaultnerVaultner
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DougMcCartney Author
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