A large department store chain has received some bad press. National news outlets have accused the chain of paying its e

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A Large Department Store Chain Has Received Some Bad Press National News Outlets Have Accused The Chain Of Paying Its E 1 (61.51 KiB) Viewed 47 times

A large department store chain has received some bad press. National news outlets have accused the chain of paying its employees too low of an hourly wage. A reporter in Ames, IA wishes to investigate if the department store is underpaying employees locally. The reporter was able to obtain information on the hourly wage for every employee at the local Ames, IA branch of the department store. The JMP output below summarizes the hourly wages for these employees. Distributions Hourly Wage Quantiles Summary Statistics } -25 20 15 10 1000% maximum 99.5% 975 90.0% 75.0 Quartie 50.0 median 25.0% Quartie 10.0% 2.5% 0.5% 0.0% minimum 9.25 Mean 6570127 9.23 Sid De 0.226760 9.25 Seda Mean 00206758 89 Upper 95% Mean 8.6121061 8.7 Lower 95% Mean 8.329039 85 N 118 8.45 83 825 825 8.25 84 36 83 Hourly Wagelin Dollar) The managers at the Ames, IA branch of the department store heard that the reporter was going to write an article regarding the hourly wages of their employees. In an effort to minimize criticism, the managers decide to give every employee a $1 per hour raise. Which of the following numerical summaries describing hourly wage would change as a result of the increase in pay? Mean Median Variance Standard deviation Range IQR