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
icon
Related questions
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
Transcribed Image Text:Boxplot of salary 25 20 15 10 Finance HR IT Marketing Training Department * *** * *** ** * *** * * salary
Expert Solution
steps

Step by step

Solved in 2 steps with 6 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education