Brides magazine reports the cost of the average honeymoon as $5111. Assume that their findings could have been based on
a. Confirm the mean and determine the median and the standard deviation of the honeymoon expenditures for this sample.
b. Generate and interpret the box-and-whisker plot for the couples in the sample.
c. From the results in parts (a) and (b), do there appear to be any €œoutlier€ couples who have spent an unusually large amount of money on their honeymoon? If so, what kinds of companies or organizations might have an interest in finding out how to identify such couples before they€™ve made their honeymoon plans?
A computer and statistical software will be desirable and useful. However, any necessary calculations can also be done with the aid of a pocket calculator. For readers using statistical software, keep in mind the file-naming key€” for example, the data for Exercise 3.57 will be in data file XR03057.
This problem has been solved!
Do you need an answer to a question different from the above? Ask your question!
Step by Step Answer:
Create a free account to access the answer
Cannot find your solution?
Post a FREE question now and get an answer within minutes. * Average response time.
Question Posted: September 08, 2015 05:00:00