Table 3.2 lists the total philanthropic givings (in million dollars) by six companies during 2007. Table 3.2 Philanthropic Givings of Six Companies During 2007 Corporation 04 Cong CVS Best Buy Staples Walgreen Lowe's B2 Wal-Mart Money Given in 2007 (millions of dollars) 22.4 31.8 19.8 9.0 27.5 337.9 2125000 Notice that the charitable contributions made by Wal-Mart are very large compared to those of other companies. Hence, it is an outlier. Show how the inclusion of this outlier affects the value of the mean.
Table 3.2 lists the total philanthropic givings (in million dollars) by six companies during 2007. Table 3.2 Philanthropic Givings of Six Companies During 2007 Corporation 04 Cong CVS Best Buy Staples Walgreen Lowe's B2 Wal-Mart Money Given in 2007 (millions of dollars) 22.4 31.8 19.8 9.0 27.5 337.9 2125000 Notice that the charitable contributions made by Wal-Mart are very large compared to those of other companies. Hence, it is an outlier. Show how the inclusion of this outlier affects the value of the mean.
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
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Transcribed Image Text:Table 3.2 lists the total philanthropic givings (in million dollars) by six companies during 2007.
Table 3.2 Philanthropic Givings of Six Companies
During 2007
Corporation 801
Kolmey is an CVS
bue-b
Best Buy
Staples
Walgreen
Lowe's
Wal-Mart
Money Given in 2007
(millions of dollars)
22.4
31.8
19.8
9.0
27.5
337.9
21 2sirequos
stap nang snif
slunnut siomse
Notice that the charitable contributions made by Wal-Mart are very large compared to those
of other companies. Hence, it is an outlier. Show how the inclusion of this outlier affects the
value of the mean.
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