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The boxplot below shows salaries for CPAS and Actuaries in a town. CPA HO Actuary 30 40 50 60 70 Salary (thousands of $) 80 90 100 If a person is making the first quartile salary for a CPA, they are making less than % of Actuarie

The boxplot below shows salaries for CPAS and Actuaries in a town. CPA HO Actuary 30 40 50 60 70 Salary (thousands of $) 80 90 100 If a person is making the first quartile salary for a CPA, they are making less than % of Actuarie

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
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The boxplot below shows salaries for CPAs and Actuaries in a town. **Description of Graphs:** There are two boxplots presented on a common scale axis representing salaries in thousands of dollars ($) ranging from 30 to 100. 1. **CPA (Certified Public Accountant) Salaries:** - The distribution of CPA salaries starts at around $35,000. - The first quartile (Q1) is at approximately $47,000. - The median (Q2) is around $60,000. - The third quartile (Q3) is just below $75,000. - The maximum salary extends close to $95,000. 2. **Actuary Salaries:** - The distribution of Actuary salaries begins at approximately $35,000. - The first quartile (Q1) is at about $60,000. - The median (Q2) is just below $75,000. - The third quartile (Q3) is close to $90,000. - The maximum salary extends up to nearly $100,000. Both boxplots demonstrate the range and quartiles of the salaries for CPAs and Actuaries, highlighting the central tendency and variability within each profession. **Instruction:** - If a person is making the first quartile salary for a CPA (around $47,000), they are making less than ___% of Actuaries. As inferred from the Actuary boxplot, the first quartile salary is approximately $60,000. Therefore, if someone earns $47,000, they are making less than the first quartile of Actuaries, which means they are earning less than 25% of Actuaries. **Fill in the blank: 25**
Transcribed Image Text:The boxplot below shows salaries for CPAs and Actuaries in a town. **Description of Graphs:** There are two boxplots presented on a common scale axis representing salaries in thousands of dollars ($) ranging from 30 to 100. 1. **CPA (Certified Public Accountant) Salaries:** - The distribution of CPA salaries starts at around $35,000. - The first quartile (Q1) is at approximately $47,000. - The median (Q2) is around $60,000. - The third quartile (Q3) is just below $75,000. - The maximum salary extends close to $95,000. 2. **Actuary Salaries:** - The distribution of Actuary salaries begins at approximately $35,000. - The first quartile (Q1) is at about $60,000. - The median (Q2) is just below $75,000. - The third quartile (Q3) is close to $90,000. - The maximum salary extends up to nearly $100,000. Both boxplots demonstrate the range and quartiles of the salaries for CPAs and Actuaries, highlighting the central tendency and variability within each profession. **Instruction:** - If a person is making the first quartile salary for a CPA (around $47,000), they are making less than ___% of Actuaries. As inferred from the Actuary boxplot, the first quartile salary is approximately $60,000. Therefore, if someone earns $47,000, they are making less than the first quartile of Actuaries, which means they are earning less than 25% of Actuaries. **Fill in the blank: 25**
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