Question: Explain how to identify outliers using the interquartile range.

Explain how to identify outliers using the interquartile range.

Step by Step Solution

★★★★★

3.37 Rating (169 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The interquartile range of a data ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Elementary Statistics Picturing Questions!

Q:

Some data sets include values so high or so low that they seem to stand apart from the rest of the data. These data are called outliers. Outliers may represent data collection errors, data entry...

Q:

Explain how the interquartile range is calculated. Give one example.

Q:

A modified boxplot can be drawn by placing a box around Q1 and Q3 and then extending the whiskers to the largest and/or smallest values within 1.5 times the interquartile range (that is, Q3 Q1). Mild...

Q:

Explain how to identify outliers using the interquartile range. The length of a guest lecturer's talk represents the third quartile for talks in a guest lecture series. Make an observation about the...

Q:

1. A movie's length represents the first quartile for movies showing at a theater. Make an observation about the movie's length. 2. A car's fuel efficiency represents the ninth decile of cars in its...

Q:

In order to identify outliers using the interquartile range (IQR) and standard deviation, you need to follow specific steps for each method. For the IQR method, multiply the IQR by 1.5. Then,...

Q:

Hello, I need help with these following statistics problems we din't fully cover the topics in class with or teacher: Please find them down below: Participant Number of Push ups in 1 minute Number of...

Q:

In order to identify any outliers using the interquartile range and the standard deviation, the interquartile result must be multiplied by 1.5 and the sample standard deviation must be multiplied by...

Q:

Distance in Miles 30 25 20 15 10 5\fMean 9.216667 Median 9.25 Sample standard deviation 5.161788 Variance 26.64406 Minimum 2.7 Lower quartile Q1 5.625 Upper quartile 03 11 Maximum 26. Find any...

Q:

BA 1605: Midterm Recap (Due: Feb. 27, 2015) Name _____________________________ 50 Student ID _____________________________ Section 01B 10:00~11:20 am Section 02B 01:00~02:20 pm [Questions 4 ~ 7] The...

Q:

Discuss why you believe a sensitivity analysis is required in this case or for a similar business problem where an optimal solution to linear programming formulation is desirable. In addition, would...

Q:

Suppose you win a lottery that pays you $500,000 a year for the next 30 years. You will receive the first payment exactly one-year from today, the second two years from today and so on. If the...

Q:

2. A high precision machine will not produce any variance.

Q:

10. Archer-Deloitte Company wishes to finance a $15 million expansion program and is trying to decide between debt and equity. Management believes the market does not appreciate the company's profit...

Q:

n = 124, p = 0.26 Find the mean, variance, and standard deviation of the binomial distribution with the given values of n and p.

Q:

Find the probability that LeBron James makes his first free throw shot before his third attempt. a. Use the geometric distribution to find P(1) and P(2). b. Find the sum of P(1) and P(2). c. Write...

Q:

What is the probability that more than four accidents will occur in any given month at the intersection? a. Use the Poisson distribution to find P(0), P(1), P(2), P(3), and P(4). b. Find the sum of...

Q:

The newspaper reported last week that Bennington Enterprises earned $34.18 million this year. The report also stated that the firm's return on equity is 13 percent. The firm retains 80 percent of its...

Q:

The formula to compute direct materials price variance is to calculate the difference between a. actual costs - (actual quantity * standard price) b. actual cost + standard costs c. actual cost -...

Q:

Chapter 11 mini case The questions A through N are as follows a. should Caledonia focus on cash flows or accounting profits in making its capital-budgeting decisions? should the compny be interested...