Interpret summary statistics.
-Consider the five number summary of hourly wages ($) for a sample of sales
Managers. The range for these data is $$\begin{array} { | c | c | c | c | c | }
\hline \text { Min } & \text { Q1 } & \text { Median } & \text { Q3 } & \text { Max } \
\hline 20.94 & 37.64 & 44.77 & 49.34 & 67.11 \
\hline
\end{array}$$
A) $11.70
B) $46.17
C) $67.11
D) $20.94
E) $44.77

Question

Interpret summary statistics.
-Consider the five number summary of hourly wages ($) for a sample of sales
Managers. The range for these data is $$\begin{array} { | c | c | c | c | c | } 
\hline \text { Min } & \text { Q1 } & \text { Median } & \text { Q3 } & \text { Max } \
\hline 20.94 & 37.64 & 44.77 & 49.34 & 67.11 \
\hline
\end{array}$$
A) $11.70
B) $46.17
C) $67.11
D) $20.94
E) $44.77

Quizplus · Accepted Answer

The range is calculated as the difference between the maximum and minimum values: $67.11 - $20.94 = $46.17.

Interpret Summary Statistics A) $1170 B) $46

Interpret Summary Statistics A) $1170
B) $46