Suppose the auctioneer in Exercise 27 sold a herd of cattle whose minimum weight was 980 pounds,

Question:

Suppose the auctioneer in Exercise 27 sold a herd of cattle whose minimum weight was 980 pounds, median was 1140 pounds, standard deviation 84 pounds, and IQR 102 pounds. They sold for 40 cents a pound, and the auctioneer took a $20 commission on each animal. Then, for example, a steer weighing 1100 pounds would net the owner 0.40(1100) - 20 = $420. Find the minimum, median, standard deviation, and IQR of the net sale prices.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Stats Data and Models

ISBN: 978-0321986498

4th edition

Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock

Question Posted: