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The following values are the starting salaries, in $000,

Basic Statistics for Business and Economics | 7th Edition | ISBN: 9780077384470 | Authors: Douglas Lind; William Marchal; Samuel Wathen ISBN: 9780077384470 64

Solution for problem 11E Chapter 4

Basic Statistics for Business and Economics | 7th Edition

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Basic Statistics for Business and Economics | 7th Edition | ISBN: 9780077384470 | Authors: Douglas Lind; William Marchal; Samuel Wathen

Basic Statistics for Business and Economics | 7th Edition

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Problem 11E

Problem 11E

The following values are the starting salaries, in $000, for a sample of five accounting graduates who accepted positions in public accounting last year.

36.0

26.0

33.0

28.0

31.0

a. Determine the mean, median, and the standard deviation.

b. Determine the coefficient of skewness using Pearson’s method.

c. Determine the coefficient of skewness using the software method.

Step-by-Step Solution:

Solution

Step 1 of 3

a) We have to find mean, median and standard deviation for the given data

The given data is 36, 26, 33, 28, 31

Arrange the values in the ascending order 26, 28, 31, 33, 36

Here n=no.of value=5

Mean

              = ( 26+28+31+33+36)/5

              =30.8

Median

                     =

                     =

                     =31

Standard deviation

                                     =

                                     =

                                     =

                                     =3.96

           Hence Mean=30.8

                   Median=31

standard deviation =3.96


Step 2 of 3

Chapter 4, Problem 11E is Solved
Step 3 of 3

Textbook: Basic Statistics for Business and Economics
Edition: 7
Author: Douglas Lind; William Marchal; Samuel Wathen
ISBN: 9780077384470

This textbook survival guide was created for the textbook: Basic Statistics for Business and Economics , edition: 7. This full solution covers the following key subjects: determine, Accounting, coefficient, Using, skewness. This expansive textbook survival guide covers 6 chapters, and 325 solutions. The full step-by-step solution to problem: 11E from chapter: 4 was answered by , our top Business solution expert on 08/23/17, 08:36AM. Since the solution to 11E from 4 chapter was answered, more than 2338 students have viewed the full step-by-step answer. Basic Statistics for Business and Economics was written by and is associated to the ISBN: 9780077384470. The answer to “The following values are the starting salaries, in $000, for a sample of five accounting graduates who accepted positions in public accounting last year.36.026.033.028.031.0a. Determine the mean, median, and the standard deviation.________________b. Determine the coefficient of skewness using Pearson’s method.________________c. Determine the coefficient of skewness using the software method.” is broken down into a number of easy to follow steps, and 49 words.

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The following values are the starting salaries, in $000,