Question: Consider the following five-point summary for a variable that was obtained using 500 observations a. Interpret Q1 and Q3. b. Calculate the interquartile range. Determine

Consider the following five-point summary for a variable that was obtained using 500 observations 

Min 125 Q1 Median 200 300 Q3 550 Max 1300


a. Interpret Q1 and Q3.

b. Calculate the interquartile range. Determine whether any outliers exist.

c. Is the distribution symmetric? If not, comment on its skewness.

Min 125 Q1 Median 200 300 Q3 550 Max 1300

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