Not for small samples. There are any number of 5 number sets which have those properties but with different ranges.
For large samples and well behaved data Mean – Mode = 3 (Mean – Median) is often approximately true.
Not for small samples. There are any number of 5 number sets which have those properties but with different ranges.
For large samples and well behaved data Mean – Mode = 3 (Mean – Median) is often approximately true.
No, not really.
In your case, if the wages have to be whole numbers of thousands, then there is only 1 solution 1 3 7 12 12 and you take the range of those numbers.