Here are the summary statistics for the monthly payroll for an accounting firm: lowest salary = $30,000,mean salary = $70,000,median = $50,000,range = $120,000,IQR = $60,000,first quartile = $35,000,standard deviation = $40,000.
Do you think the distribution of salaries is symmetric,skewed to the left,or skewed to the right? Explain why.
A)Skewed to the right;mean is higher than median.
B)Skewed to the left;mean is lower than median.
C)Symmetric,mean is higher than median.
D)Skewed to the left,mean is higher than median.
E)Skewed to the right,mean is lower than median.

Question

Quizplus · Accepted Answer

The distribution is skewed to the right because the mean salary ($70,000) is higher than the median salary ($50,000), indicating a right skew.

Here Are the Summary Statistics for the Monthly Payroll for an Accounting