Concept explainers
(a)
To find: the highest and lowest daily returns on the stock fund
(a)
Answer to Problem 95E
The highest and lowest daily returns are
Explanation of Solution
Given:
The stock fund is represented by the left boxplot.
The lowest daily return is represented by the end of the whisker on the bottom of the boxplot and thus is
The highest daily return is represented by the end of the whisker on the top of the boxplot and thus is 3%.
(b)
To find: the median return.
(b)
Answer to Problem 95E
The median return isabout 0%.
Explanation of Solution
Given:
The median return was about the same on both investments
The median return is represented by the horizontal line within the box of the boxplot and this line is at about 0%.
(c)
To find: the most important difference between the two distributions
(c)
Answer to Problem 95E
The most difference is the spread.
Explanation of Solution
The most difference is the spread.
The spread for Stocks is a lot more than the spread for Real Estate, because the distance between the whiskers of the boxplots is a lot greater for Stocks than for Real Estate.
Chapter 1 Solutions
The Practice of Statistics for AP - 4th Edition
Additional Math Textbook Solutions
Fundamentals of Statistics (5th Edition)
Essentials of Statistics (6th Edition)
Basic Business Statistics, Student Value Edition (13th Edition)
Elementary Statistics: Picturing the World (6th Edition)
Elementary Statistics (13th Edition)
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