Walter Gogel Company is an industrial supplier of fasteners, tools, and springs. The amounts of its invoices

Question:

Walter Gogel Company is an industrial supplier of fasteners, tools, and springs. The amounts of its invoices vary widely, from less than $20.00 to more than $400.00. During the month of January the company sent out 80 invoices. Here is a box plot of these invoices. Write a brief report summarizing the invoice amounts. Be sure to include information on the values of the first and third quartiles, the median, and whether there is any skewness. If there are any outliers, approximate the value of these invoices.

50 100 150 200 250 Invoice Amount

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Statistical Techniques in Business and Economics

ISBN: 978-1259666360

17th edition

Authors: Douglas A. Lind, William G Marchal

Question Posted: