QuestionAnalyze earnings of famous deceased individuals. Calculate mean, median, mode, midrange, and comment on skewness. Data in millions: Yves Saint Laurent 350, Charles Schulz 35, Rodgers & Hammerstein 235, John Lennon 15, Michael Jackson 90, Dr. Seuss 15, Elvis Presley 55, Albert Einstein 10, JRR Tolkien 50, Jimi Hendrix 8.

Studdy Solution
To comment on the skewness, we compare the mean and the median. If the mean is greater than the median, the data is positively skewed. If the mean is less than the median, the data is negatively skewed. If the mean is equal to the median, the data is symmetric. In this case, the mean (86.3) is greater than the median (42.5), so the data is positively skewed.
The mean is $86.3 million, the median is$42.5 million, the mode is $15 million, and the midrange is$179 million. The data is positively skewed.