STAT TECH IN BUSINESS & ECON AC
STAT TECH IN BUSINESS & ECON AC
18th Edition
ISBN: 9781264731657
Author: Lind
Publisher: MCG
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Chapter 4, Problem 29CE

a.

To determine

Construct box plot of the variable price.

Identify whether there are outliers or not.

Find the median price.

Find the first quartile value.

Find the third quartile value.

b.

To determine

Construct box plot of the variable size.

Identify whether there are outliers or not.

Find the median price.

Find the first quartile value.

Find the third quartile value.

c.

To determine

Construct scatter diagram for variables price and size.

Identify whether there is association between the two variables or not.

Identify whether association is direct or indirect.

Identify whether any point seems to be different from the others.

d.

To determine

Construct a contingency table for the variables shape and cut grade.

Find the most common cut grade.

Find the most common shape.

Find the most common combination of cut grade and shape.

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STAT TECH IN BUSINESS & ECON AC

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