fVar Min Q1 Median Q3 Max IQR Skewness Finance 6.052 3.874 64.01 1.630 3.393 4.585 7.500 22.860 4.107 2.00 HR 5.441 3.235 (a) 2.000 3.200 4.100 6.430 21.860 3.230 (b) IT 5.880 3.887 66.10 0.530 3.250 4.630

fVar Min Q1 Median Q3 Max IQR Skewness Finance 6.052 3.874 64.01 1.630 3.393 4.585 7.500 22.860 4.107 2.00 HR 5.441 3.235 (a) 2.000 3.200 4.100 6.430 21.860 3.230 (b) IT 5.880 3.887 66.10 0.530 3.250 4.630

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

100%

HR manager in L&B real-state company is working with finance department in improving the salaries and the following descriptive statistics were obtained.

Table (2)

Department	Mean	SD	CoefVar	Min	Q1	Median	Q3	Max	IQR	Skewness
Finance	6.052	3.874	64.01	1.630	3.393	4.585	7.500	22.860	4.107	2.00
HR	5.441	3.235	(a)	2.000	3.200	4.100	6.430	21.860	3.230	(b)
IT	5.880	3.887	66.10	0.530	3.250	4.630	(C)	24.980	3.550	2.18
Marketing	6.010	3.737	62.18	1.670	3.475	5.000	6.645	22.200	3.170	2.14
Training	6.095	3.719	61.02	1.500	3.330	5.000	7.640	20.000	4.310	2.00

CoefVar stands for coefficient of variation

Boxplot of salary
25
20
15
10
Finance
HR
IT
Marketing
Training
Department
*
***
* ***
** *
***
* *
salary

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