Business Statistics I (STAT 220) Group Project - Fall 2019 Due in class on October 22 The starting annual salaries of a sample of 20 recent MBA graduates are recorded. The data is presented below. 285 283 285 277 290 265 285 291 279 291 281 282 266 699 279 283 287 291 291 968 1. Compute the Mean and Median. Explain the meaning of these statistics, Which measure is more appropriate for this sample? Explain why. 2. Compute the Standard Deviation, the coefficient of variation and the interquartile range. 3. Determine the interval of the starting salaries that comprises at least 88.9% of the data. 4. Find the 35" and the 85th percentile. Provide the meaning of these statistics