Teacher raises Refer to Exercise 20. If each teacher receives a 5% raise instead of a flat
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Teacher raises Refer to Exercise 20. If each teacher receives a 5% raise instead of a flat $1000 raise, the amount of the raise will vary from $1400 to $3000, depending on the present salary.
(a) What will this do to the mean salary? To the median salary? Explain your answers.
(b) Will a 5% raise increase the IQR? Will it increase the standard deviation? Explain your answers.
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