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The box plot shows the undergraduate in-state charge per

Basic Statistics for Business and Economics | 7th Edition | ISBN: 9780077384470 | Authors: Douglas Lind; William Marchal; Samuel Wathen ISBN: 9780077384470 64

Solution for problem 8E Chapter 4

Basic Statistics for Business and Economics | 7th Edition

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Basic Statistics for Business and Economics | 7th Edition | ISBN: 9780077384470 | Authors: Douglas Lind; William Marchal; Samuel Wathen

Basic Statistics for Business and Economics | 7th Edition

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Problem 8E

Problem 8E

The box plot shows the undergraduate in-state charge per credit hour at four-year public colleges.

a. Estimate the median.

b. Estimate the first and third quartiles.

c. Determine the interquartile range.

d. Beyond what point is a value considered an outlier?

e. Identify any outliers and estimate their value.

f. Is the distribution symmetrical or positively or negatively skewed?

Step-by-Step Solution:

Solution:

Step 1 of 7:

The box plot of undergraduate in-state charge per credit hours is given.

Using this we need to find the required values.

The box plot given is

bp1.jpg


Step 2 of 7

Chapter 4, Problem 8E is Solved
Step 3 of 7

Textbook: Basic Statistics for Business and Economics
Edition: 7
Author: Douglas Lind; William Marchal; Samuel Wathen
ISBN: 9780077384470

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The box plot shows the undergraduate in-state charge per