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(Solution) - Prices for used stainless steel side trim for a 1957

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Prices for used stainless steel side trim for a 1957 Chevrolet convertible are $350, $350, $390, $400, $500, $500, $500, $600, $650, $725, $800, $850, $900, and $1,700. The prices vary depending on the condition.
a. Find the mean of the trim prices to the nearest dollar.
b. Find the median of the trim prices.
c. Find the mode of the trim prices.
d. Find the four quartiles for this data.
e. Find the interquartile range for this data.
f. Find the boundary for the lower outliers. Are there any lower outliers?
g. Find the boundary for the upper outliers. Are there any upper outliers?
h. Draw a modified box-and-whisker plot.


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This question was answered on: Jul 11, 2017

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