BuyFind

STATISTICS F/BUSINESS+ECONOMICS-TE...

13th Edition
Anderson
Publisher: CENGAGE L
ISBN: 9781305881884
BuyFind

STATISTICS F/BUSINESS+ECONOMICS-TE...

13th Edition
Anderson
Publisher: CENGAGE L
ISBN: 9781305881884

Solutions

Chapter 3, Problem 68SE

a.

To determine

Find the median household income for the sample data for 2013.

b.

To determine

Find the percentage change in the median household income from 2007 to 2013.

c.

To determine

Find the first and third quartiles.

d.

To determine

Find the five number summary for the data.

e.

To determine

Identify whether the data contain any outliers by using the z-score approach and check whether the approach that uses the values of the first and third quartiles and the interquartile range to detect outliers provide the same results.

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