Question: Payroll. Here are the summary statistics for the weekly payroll of a small company: lowest salary = $300, mean salary = $700, median = $500,
Payroll. Here are the summary statistics for the weekly payroll of a small company: lowest salary = $300, mean salary = $700, median = $500, range = $1200, IQR = $600, first quartile = $350, standard deviation = $400.
a) Do you think the distribution of salaries is symmetric, skewed to the left, or skewed to the right? Explain why.
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