Homework Help is Here – Start Your Trial Now!
Math
Statistics
A business's checking account had the following as its last 6 deposits. 256, 4950, 5200, 5270, 5430, 5730 (a) What are the upper quartile, lower quartile, and interquartile range? Q₁ Q3 IQR = (b) What are the upper and lower boundaries for outliers? lower upper (c) Based on the boundaries found above, is 256 an outlier in this data set? If so, what type of outlier is it? Yes, it is a low outlier. Yes, it is a high outlier. No, it is not an outlier. There is not enough information to tell. (d) Which one of the following is affected by outliers? O median. neither mean nor median mean

A business's checking account had the following as its last 6 deposits. 256, 4950, 5200, 5270, 5430, 5730 (a) What are the upper quartile, lower quartile, and interquartile range? Q₁ Q3 IQR = (b) What are the upper and lower boundaries for outliers? lower upper (c) Based on the boundaries found above, is 256 an outlier in this data set? If so, what type of outlier is it? Yes, it is a low outlier. Yes, it is a high outlier. No, it is not an outlier. There is not enough information to tell. (d) Which one of the following is affected by outliers? O median. neither mean nor median mean

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
See similar textbooks
icon
Related questions
Question
### Analyzing Business Deposits Using Quartiles and Outliers **A business's checking account had the following as its last 6 deposits:** ``` 256, 4950, 5200, 5270, 5430, 5730 ``` **(a) What are the upper quartile, lower quartile, and interquartile range?** - \( Q_1 = \) [Input needed] - \( Q_3 = \) [Input needed] - \( IQR = \) [Input needed] **(b) What are the upper and lower boundaries for outliers?** - Lower: [Input needed] - Upper: [Input needed] **(c) Based on the boundaries found above, is 256 an outlier in this data set? If so, what type of outlier is it?** - [ ] Yes, it is a low outlier. - [ ] Yes, it is a high outlier. - [ ] No, it is not an outlier. - [ ] There is not enough information to tell. **(d) Which one of the following is affected by outliers?** - [ ] Median - [ ] Neither mean nor median - [ ] Mean ### Explanation of Graphs or Diagrams This image provides a series of steps and questions to help analyze a set of 6 deposits using quartiles and the concept of outliers. Here is a breakdown: 1. **Listing of Deposits**: The deposits are listed in ascending order. 2. **Quartiles Calculation**: Determine the first quartile (\( Q_1 \)), third quartile (\( Q_3 \)), and the interquartile range (IQR). 3. **Outlier Boundaries**: Based on the IQR, calculate the upper and lower boundaries for identifying outliers. 4. **Outlier Identification Question**: A specific value (256) is questioned as a potential outlier, with multiple-choice options for the answer. 5. **Effect on Statistical Measures**: A question on which statistical measure (mean or median) is affected by outliers, again with multiple-choice options. ### Additional Notes - **Quartiles** divide the data into four equal parts. - **IQR** (Interquartile Range) is the range between the first quartile (Q1) and the third quartile (Q3). - **Outliers
Transcribed Image Text:### Analyzing Business Deposits Using Quartiles and Outliers **A business's checking account had the following as its last 6 deposits:** ``` 256, 4950, 5200, 5270, 5430, 5730 ``` **(a) What are the upper quartile, lower quartile, and interquartile range?** - \( Q_1 = \) [Input needed] - \( Q_3 = \) [Input needed] - \( IQR = \) [Input needed] **(b) What are the upper and lower boundaries for outliers?** - Lower: [Input needed] - Upper: [Input needed] **(c) Based on the boundaries found above, is 256 an outlier in this data set? If so, what type of outlier is it?** - [ ] Yes, it is a low outlier. - [ ] Yes, it is a high outlier. - [ ] No, it is not an outlier. - [ ] There is not enough information to tell. **(d) Which one of the following is affected by outliers?** - [ ] Median - [ ] Neither mean nor median - [ ] Mean ### Explanation of Graphs or Diagrams This image provides a series of steps and questions to help analyze a set of 6 deposits using quartiles and the concept of outliers. Here is a breakdown: 1. **Listing of Deposits**: The deposits are listed in ascending order. 2. **Quartiles Calculation**: Determine the first quartile (\( Q_1 \)), third quartile (\( Q_3 \)), and the interquartile range (IQR). 3. **Outlier Boundaries**: Based on the IQR, calculate the upper and lower boundaries for identifying outliers. 4. **Outlier Identification Question**: A specific value (256) is questioned as a potential outlier, with multiple-choice options for the answer. 5. **Effect on Statistical Measures**: A question on which statistical measure (mean or median) is affected by outliers, again with multiple-choice options. ### Additional Notes - **Quartiles** divide the data into four equal parts. - **IQR** (Interquartile Range) is the range between the first quartile (Q1) and the third quartile (Q3). - **Outliers
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman
SEE MORE TEXTBOOKS