Below is the five-number summary of salaries (in $) for a sample of marketing managers.   Min Q1 Median Q3 Max 46,360 69,693 77,020 91,750 129,420     Would you expect the mean salary for this sample of marketing managers to be higher or lower than the median? Explain. Which would be a more appropriate measure of central tendency for these data, the mean or median? Explain. Calculate the range. Calculate the IQR.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
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Below is the five-number summary of salaries (in $) for a sample of marketing managers.

 

Min

Q1

Median

Q3

Max

46,360

69,693

77,020

91,750

129,420

 

 

  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.
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