For the interval series describing bookshop sales the median belongs to the [400,500| interval which contains 50 percent of observations and is equal to 475. The quantile of the order 0.15 equals:

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Q: determine the radius of convergence of the given power series.

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A: Solution is given below:

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Q: For the interval series describing bookshop sales the median belongs to the [400,500] interval which…

A: Given that the median for the bookshop sales belongs to the interval (400, 500) and is equal to 465.…

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