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A sample of 28 time shares in the Orlando, Florida, area

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

Solution for problem 10E 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 10E

A sample of 28 time shares in the Orlando, Florida, area revealed the following daily charges for a one-bedroom suite. For convenience the data are ordered from smallest to largest. Construct a box plot to represent the data. Comment on the distribution. Be sure to identify the first and third quartiles and the median.

$116

$121

$157

$192

$207

$209

$209

229

232

236

236

239

243

246

260

264

276

281

283

289

296

307

309

312

317

324

341

353

Step-by-Step Solution:

Step 1 of 1</p>

We have to construct a boxplot for the given data

Construct boxplot in the MINITAB by following the steps below

1. Enter the data in the minitab

2. Go to the graph in the menu bar

3. Select box plot in the list

4. Give the data input and select single boxplot

5. Select ok

Then we will get box plot

From the box plot the distribution is almost symmetric

Because the median is almost middle

Hence the distribution is approximately normally distributed

From the Boxplot the first quartile is

                                                                    =

                                                                    =209+0.25(209-209)

                                                                    =209

                            The...

Step 2 of 3

Chapter 4, Problem 10E is Solved
Step 3 of 3

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

Basic Statistics for Business and Economics was written by and is associated to the ISBN: 9780077384470. This full solution covers the following key subjects: data, largest, box, Charges, comment. This expansive textbook survival guide covers 6 chapters, and 325 solutions. The full step-by-step solution to problem: 10E from chapter: 4 was answered by , our top Business solution expert on 08/23/17, 08:36AM. This textbook survival guide was created for the textbook: Basic Statistics for Business and Economics , edition: 7. Since the solution to 10E from 4 chapter was answered, more than 1364 students have viewed the full step-by-step answer. The answer to “A sample of 28 time shares in the Orlando, Florida, area revealed the following daily charges for a one-bedroom suite. For convenience the data are ordered from smallest to largest. Construct a box plot to represent the data. Comment on the distribution. Be sure to identify the first and third quartiles and the median.$116$121$157$192$207$209$209229232236236239243246260264276281283289296307309312317324341353” is broken down into a number of easy to follow steps, and 54 words.

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