A clerk entering salary data into a company
spreadsheet accidentally 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 center: median and mean.
b) measures of spread: range, IQR, and standard
deviation.

This error will affect these summary statistics for the company payroll with a margin of 10%, in every segment of static data measures of spread: range, IQR, and standard deviation. Option b is correct.

Given that,
The clerk entering salary data into a company spreadsheet accidentally put an extra "0" in the boss's salary, listing it as $2,000,000 instead of $200,000.

What is arithmetic?

In mathematics, it deals with numbers of operations according to the statements.

Here,
Actual data = 200000
Entered data =2000000
Error = 1 - 1800000/ 2000000
Error = 1 - 0.9
Error = 0.1
Error % = 0.1 * 100
Error % = 10%

Thus, this error will affect these summary statistics for the company payroll with a margin of 10%, in every segment of static data measures of spread: range, IQR, and standard deviation. Option b is correct.

Learn more about arithmetic here:

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