Below is the five number summary of the hourly wages ($) for sales managers.
Suppose there had been an error and that the lowest hourly wage for sales managers was $18.50 instead of $20.94. Indicate how this change would affect the following summary statistics (increase, decrease, or stay about the same).
a. Mean
b. Median
c. Range
d. IQR
e. Standard deviation

Question

Below is the five number summary of the hourly wages ($) for sales managers.
  Suppose there had been an error and that the lowest hourly wage for sales managers was $18.50 instead of $20.94. Indicate how this change would affect the following summary statistics (increase, decrease, or stay about the same).
a. Mean
b. Median
c. Range
d. IQR
e. Standard deviation

Quizplus · Accepted Answer

The Answer is a. Decrease
b. Stay the same
c. Increase
d. Stay the same
e. Increase

Below Is the Five Number Summary of the Hourly Wages