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The boxplot below shows salaries for CPAS and Actuaries in a town. СРА Actuary 30 40 50 70 80 90 100 110 Salary (thousands of $) If a person is making the minimum salary for a CPA, they are making less than Actuaries. de 60

The boxplot below shows salaries for CPAS and Actuaries in a town. СРА Actuary 30 40 50 70 80 90 100 110 Salary (thousands of $) If a person is making the minimum salary for a CPA, they are making less than Actuaries. de 60

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 illustrates the salary ranges for CPAs and Actuaries in a town. ### Boxplot Details: - **CPA Salary Range:** - Minimum: Approximately $45,000 - First Quartile (Q1): Approximately $60,000 - Median: Approximately $75,000 - Third Quartile (Q3): Approximately $90,000 - Maximum: Approximately $100,000 - **Actuary Salary Range:** - Minimum: Approximately $35,000 - First Quartile (Q1): Approximately $70,000 - Median: Approximately $90,000 - Third Quartile (Q3): Approximately $95,000 - Maximum: Approximately $110,000 - Outlier: Approximately $110,000 (indicated by a dot) ### Interpretation: If a person is making the minimum salary for a CPA ($45,000), they are earning less than approximately 25% of Actuaries, as the first quartile for Actuaries is around $70,000. ### Interactive Question: "If a person is making the minimum salary for a CPA, they are making less than ___% of Actuaries." [Submit Question Button]
Transcribed Image Text:The boxplot below illustrates the salary ranges for CPAs and Actuaries in a town. ### Boxplot Details: - **CPA Salary Range:** - Minimum: Approximately $45,000 - First Quartile (Q1): Approximately $60,000 - Median: Approximately $75,000 - Third Quartile (Q3): Approximately $90,000 - Maximum: Approximately $100,000 - **Actuary Salary Range:** - Minimum: Approximately $35,000 - First Quartile (Q1): Approximately $70,000 - Median: Approximately $90,000 - Third Quartile (Q3): Approximately $95,000 - Maximum: Approximately $110,000 - Outlier: Approximately $110,000 (indicated by a dot) ### Interpretation: If a person is making the minimum salary for a CPA ($45,000), they are earning less than approximately 25% of Actuaries, as the first quartile for Actuaries is around $70,000. ### Interactive Question: "If a person is making the minimum salary for a CPA, they are making less than ___% of Actuaries." [Submit Question Button]
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