Question: Calculate the following descriptive statistics for the random variable monthly salary:1. Standard deviation2. 50th percentile interpretation 3. Most common value and interpretation Please show as

Calculate the following descriptive statistics for the random variable monthly salary:1. Standard deviation2. 50th percentile interpretation 3. Most common value and interpretation Please show as much of the calculation as you can so I can understand for future use too.

Question IV The monthly income of employees in a small company is summarised in Monthly salary (NS) Number of employees [2000 - 2499] 10 [2500 - 2999] 6 [3000 - 3499] 12 [3500 - 3999] 2 Required: Calculate the following descriptive statistics for the random variable Mont i. Standard deviation. ii. 50" percentile and interpretation. Most common value and interpretation. -END

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