Statistics: Informed Decisions Using Data (4th Edition)

Published by Pearson
ISBN 10: 0321757270
ISBN 13: 978-0-32175-727-2

Chapter 3 - Section 3.4 - Assess Your Understanding - Applying the Concepts - Page 172: 23a

Answer

$Q_1=-0.075$ $Q_2=0.02$ $Q_3=0.075$ $Q_1=-0.075$ means that 25% of the monthly rate of return is less than or equal to -0.075 and 75% of the monthly rate of return is greater than -0.075 $Q_2=0.02$ means that 50% of the monthly rate of return is less than or equal to -0.02 and 50% of the monthly rate of return is greater than 0.02 $Q_3=0.075$ means that 75% of the monthly rate of return is less than or equal to 0.075 and 25% of the monthly rate of return is greater than 0.075

Work Step by Step

In MINITAB, insert all the values of the table in the column C1. Select Stat -> Basic Statistics -> Display Descriptive Statistics Enter C1 in "Variables" Click in Statistics. Select "First Quartile", "Median" and "Third Quartile" Click OK. Click OK. $Q_1=-0.075$ $Q_2=median=0.02$ $Q_3=0.075$
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