Justify your answers and detail your calculations briefly. According to an annual consumer spending survey, the average monthly Bank of America Visa credit card charge was $1838. A sample of monthl
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Justify your answers and detail your calculations briefly.
According to an annual consumer spending survey, the
average monthly Bank of America Visa credit card charge was
$1838. A sample of monthly credit card charges provides the
following data.
236. 1710. 1351 825 7450
316. 4135 1333 1584 387
991. 3396 1428 170 1688
• Compute the mean, median, range, and interquartile range.
• The skewness measure for these data is 2.12. Comment on
the shape of this distribution. Is it the shape you would
expect? Why or why not?
. Do the data contain outliers?
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