Listed below are the commissions earned ($000) last year by the sales representatives at the Furniture Patch, Inc.
$3.9, $5.7, $7.3, $10.6, $13.0, $13.6, $15.1, $15.8, $17.1, $17.4, $17.6, $22.3, $38.6, $43.2, $87.7
a. Determine the mean, median, and standard deviation.
b. Compute the coefficient of skewness using Pearson's method.
c. Calculate the coefficient of skewness using the software method.
d. What is your conclusion regarding the skewness of the data?
The solution contains the calculation of mean, median, standard deviation, coefficient of skewness using Pearson's method and coefficient of skewness using the software method. Conclusion and interpretation regarding the skewness of the data is also given.