Listed below are the commissions earned ($000) last year by a sample of 15 sales representatives at Furniture Patch Inc. $4.3 $6.1 $7.4 $10.7 $13.1 $13.6 $14.7 $16.5 $17.1 $17.4 $18.7 $22.3 $36.7 $43.2 $79.4

Required:
a. Determine the mean, median, and the standard deviation.
b. Determine the coefficient of skewness using Pearson.

Mean = 21.413

Median = 16.5

Standard deviation = 19.182

0.768

Step-by-step explanation:

Given the data :

Ordered data, X : 4.3 6.1 7.4 10.7 13.1 13.6 14.7 16.5 17.1 17.4 18.7 22.3 36.7 43.2 79.4

The sample size, n = 15

The mean, m= ΣX / n = 321.2 / 15 = 21.413

The median, Md:

1/2(n + 1)th term

1/2 (15 +1) th term

1/2(16) = 8th term

Median = $16.5

The standard deviation, s = √[Σ(x - m)²/ n]

The standard deviation obtained using a calculator is ; 19.182

Coefficient of skewness : = 3(m - Md) / s

= 3(21.413 - 16.5) / 19.182

= 14.739 / 19.182

= 0.768

b.an increase in a causes b to decrease

215.92 dollars is the answer