STATISTICS: A clerk entering salary data into a company spreadsheet accidently put an extra "0" in the boss's salary, listing it as $2,000,000 instead of $200,000. Explain how this error will affect these summary statistics for the company payroll

a) measures of centre: median and mean
b) measures of spread: standard deviation, range, and IQR

Question

STATISTICS: A clerk entering salary data into a company spreadsheet accidently put an extra "0" in the boss's salary, listing it as $2,000,000 instead of $200,000. Explain how this error will affect these summary statistics for the company payroll

a) measures of centre: median and mean
b) measures of spread: standard deviation, range, and IQR

anonymous · Answer

For sure, mean, standard deviation, and range are affected. However, I think this has no affect on median, and IQR.

zarkon · Answer

It has no effect on the median and IQR.