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The following 5-number summary is given for a quantitative variable measuring weekly tips in the service industry (in dollars):...

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The following 5-number summary is given for a quantitative variable measuring weekly tips in the service industry (in dollars): Min Q1 Median Q3 Max 50 73 102 128 244 Assuming that the data came from 200 observations, what is the approximate standard deviation? Answer to two decimal places as needed. 4

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To approximate the standard deviation you can use the formula for the interquartile range IQR View the full answer


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Business Statistics Communicating With Numbers

Business Statistics Communicating With Numbers

ISBN: 9781259957611

3rd Edition

Authors: Sanjiv Jaggia

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Question Details
Chapter # 3- Numerical Descriptive Measures
Section: Exercises
Problem: 21
Posted Date: September 16, 2023 13:06:44
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