7. The table below gives the summary statistics for the weekly payroll of a small company....
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7. The table below gives the summary statistics for the weekly payroll of a small company. First Quartile (Q1) $350 Min salary Min salary $300 $500 $1200 $600 $700 $400 a) Suppose business has been good and the company gives every employee a $50 raise. Find the new summary statistics and report the new values below. (HINT: You do not need the data to answer this question. Think about what the distribution looks like, and what would happen to the center and spread if all the data values became 50 larger.) Median Range IQR Mean Median Range IQR Mean First Quartile (Q1) SD SD 7. The table below gives the summary statistics for the weekly payroll of a small company. First Quartile (Q1) $350 Min salary Min salary $300 $500 $1200 $600 $700 $400 a) Suppose business has been good and the company gives every employee a $50 raise. Find the new summary statistics and report the new values below. (HINT: You do not need the data to answer this question. Think about what the distribution looks like, and what would happen to the center and spread if all the data values became 50 larger.) Median Range IQR Mean Median Range IQR Mean First Quartile (Q1) SD SD
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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