Question

Listed below are the commissions earned ($000) last year by a sample of 15 sales representatives at Furniture Patch Inc.

$4.0 $6.0 $7.4 $10.6 $12.5 $13.6 $15.4 $15.8 $16.8
$17.4 $19.1 $22.3 $37.1 $43.2 $81.4
a. Determine the mean, median, and the standard deviation. (Round your answers to 2 decimal places.)
Mean $
Median $
Standard deviation $
b. Determine the coefficient of skewness using Pearson

Answer 1

Mean= $21.5067

Median = $15.8

Standard deviation= $19.02

Coefficient of skewness= $0.8991

Explanation:

Mean =( $4.0 +$6.0 +$7.4+ $10.6 +$12.5+ $13.6+ $15.4+ $15.8 +$16.8

+$17.4+ $19.1 +$22.3+ $37.1 +$43.2 +$81.4)/15

Mean =$ 322.6/15

Mean= $21.5067

Median= middle number

Median = $15.8

Variance=( ($4.0-.$21.5)²+( $6.0. -.$21.5)²+( $7.4 -.$21.5)²+( $10.6 -.$21.5)²+( $12.5 -.$21.5)²+( $13.6. -.$21.5)²+ ($15.4 -.$21.5)²+( $15.8 -.$21.5)²+ ( $16.8 -.$21.5)²+ ($17.4-.$21.5)² +($19.1 -.$21.5)²+ ($22.3 -.$21.5)²+ ($37.1 -.$21.5)²+ ($43.2-.$21.5)²+( $81.4-.$21.5)²)/15

Variance=$ 5424.79/15

Variance=$ 361.65

Standard deviation= √ variance

Standard deviation= √361.65

Standard deviation= $19.02

Coefficient of skewness

=3( mean-median)/standard deviation

= 3(21.5-15.8)/19.02

= 3(5.7)/19.02

= 17.1/19.02

Coefficient of skewness= 0.8991