Amari Flowers
2021-01-04
falhiblesw
Skilled2021-01-05Added 97 answers
The lowest value, median, Quartile-3, and maximum value in any data collection are all represented by the five-number summary.
When the data are sorted in ascending order, the median is the middle value. The median and middle value of the data distribution is known as the Quartile-1. The midway value of the highest value and median of the data distribution is known as the quartile-3.
Calculation:
The lowest value of the data distribution is 608 and highest value is 14138.
The median is the middle value of the data when arranged in ascending order which is value
Median=4019
First quartile is average of and values
Quartile−1=1850+18722=1861
Third Quartile is average of and values
Quartile−3=8305+84042=8354.5
Conclusion:
The five number summary for annual sales of 21 pharmaceutical companies is 608, 1861, 4019, 8354.5, 14138.
(b)Concept Used:
The formula for boundaries of outliers are,
Lower Boundary=Q1−1.5*IQR
Upper Boundary=Q3+1.5*IQR
The difference between third quartile and first quartile is Inter Quartile range.
Calculation:
Substituting the values in Inter quartile range formula,
Inter Quartile Range=Q3−Q1=8354.5−1861=6493.5
Substituting in the boundaries of outliers formula,
Lower Boundary=Q1−1.5*IQR=1861−1.5*6493.5=−7880.25
Upper Boundary=Q3+1.5*IQR
=8354.5+1.5*6493.5=18094.75
Conclusion:
For 21 pharmaceutical businesses, the lowest and upper bounds for outliers of annual sales are -7880.25 and 18094.75, respectively. (b) For 21 pharmaceutical firms, the lowest and upper ranges for outliers of annual sales are -7880.25 and 18094.75, respectively. The bounds of outliers encompass all of the data points in the provided data. As a result, we may conclude that the data contains no outliers.
Jeffrey Jordon
Expert2021-10-07Added 2605 answers
a)
Minimum: The minimum value is 608.
First Quartile: The first quartile is middle value of the data below the median, in the other words , value at the 25% of the sorted data array.
The percentile is not integer, in that case round up and read the value at the given place in the sorted array.
Median:Median is middle value of the sorted data array. In this case, there is odd number of data given, so the median is the middle value.
Third Quartile: The third quartile is middle value of the data above the median, in the other words , value at the 75% of the sorted data array.
The percentile is not integer, in that case round up and read the value at the given place in the sorted array.
Maximum: The maximum value is 14138.
b)
To determine lower and upper limits, first find the interquartile range. IQR is the difference between third and first quartile.
Lower limit is the first quartile value decreased by 1.5 times the IQR.
Upper limit is the third quartile value increased by 1.5 times the IQR.
c)
The data does not cointain any outliers because there is no value that is below the lower limit nor above the upper limit.
Jazz Frenia
Skilled2023-06-19Added 106 answers
Andre BalkonE
Skilled2023-06-19Added 110 answers
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