This figure shows the histogram of the annual tuition at 61 top undergraduate business schools, as rated

Question:

This figure shows the histogram of the annual tuition at 61 top undergraduate business schools, as rated by Business Week (May 8, 2006).

(a) Estimate from the figure the center and spread of the data. Are the usual notions of center and spread useful for these data?
(b) Describe the shape of the histogram.
(c) If you were only shown the boxplot, would you be able to identify the shape of the distribution of these data?
(d) Can you think of an explanation for the shape of the histogram?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...