Question

6)  ^{[10 pts]}A CFO is looking at how much of a company’s resources are spent (in ‘000$) on computing. He samples companies in the pharmaceutical industry.  

52    62   71   80   90   101   111   113   117    105    106   105    94    92    80    81   82    71   72   72    65     65    65    107    103     101

Calculate the five-number-summary for the spending data and display them in the appropriate box plot.

can someone please help with this question for statistics for business course.

Answer 1

Summary statistics for data,

	minimum	1st Quartile	Median	mean	3rd Quartile	maximum
	1	68	81	80.14815	102	117

Box plot for data

Summary Statistics summarize and provide information about data. information that gives simple description of data. which includes mean. median,mode,minimum value, maximum value, quartiles, shape and spread of data.

box plot is graphical representation of summary statistics of data. it is data distribution of quartiles of data. it is quick visualization of data.

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