Provide a five-number summary (in million dollars). A five-number summary is made up of the following values to summarize the data. Smallest value First quartile (Q1) Median (Q2) Third quartile (Q3) Largest value Recall the given data. 8,458 1,424 1,922 8,929 2,509 11,463 658 14,163 6,502 1,900 2,868 1,406 10,448 7,428 4,069 4,291 689 2,177 3,603 5,844 8,255 Before finding the five-number summary, arrange the given data in ascending order. Recall that these are given to be millions of dollars. 689 1,406 1,424 1,900 1,922 2,177 2,509 3,603 4,069 4,291 5,844 6,502 7,428 8,255 8,458 10,448 11,463 Find the smallest value of the data. million dollars Find the largest value of the data. million dollars
Inverse Normal Distribution
The method used for finding the corresponding z-critical value in a normal distribution using the known probability is said to be an inverse normal distribution. The inverse normal distribution is a continuous probability distribution with a family of two parameters.
Mean, Median, Mode
It is a descriptive summary of a data set. It can be defined by using some of the measures. The central tendencies do not provide information regarding individual data from the dataset. However, they give a summary of the data set. The central tendency or measure of central tendency is a central or typical value for a probability distribution.
Z-Scores
A z-score is a unit of measurement used in statistics to describe the position of a raw score in terms of its distance from the mean, measured with reference to standard deviation from the mean. Z-scores are useful in statistics because they allow comparison between two scores that belong to different normal distributions.
Provide a five-number summary (in million dollars).
A five-number summary is made up of the following values to summarize the data.
Smallest value
First
Third quartile (Q3)
Largest value
Recall the given data.
8,458 1,424 1,922 8,929 2,509 11,463 658
14,163 6,502 1,900 2,868 1,406 10,448 7,428
4,069 4,291 689 2,177 3,603 5,844 8,255
Before finding the five-number summary, arrange the given data in ascending order. Recall that these are given to be millions of dollars.
689 1,406 1,424 1,900 1,922 2,177
2,509
3,603 4,069 4,291 5,844 6,502
7,428 8,255 8,458
10,448 11,463
Find the smallest value of the data.
million dollars
Find the largest value of the data.
million dollars
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