Question One According to an annual consumer spending survey, the average monthly spending for the household was K1838 in the city of Lusaka. A sample of monthly spending provi des the following data....

Question One<br>According to an annual consumer spending survey, the average monthly spending for<br>the household was K1838 in the city of Lusaka. A sample of monthly spending provi<br>des the following data.<br>236<br>1710<br>1351<br>825<br>7450<br>316<br>4135<br>1333<br>1584<br>387<br>991<br>3396<br>170<br>1428<br>1688<br>a) Compute the mean and median.<br>b) Compute the first and third quartiles.<br>c) Compute the range and interquartile range.<br>d) Compute the standard deviation.<br>e) The skewness measure for these data is 2.12. Comment on the shape of this distribution. Is i<br>t the shape you would expect? Why or why not?<br>f) Do the data contain outliers?<br>

Extracted text: Question One According to an annual consumer spending survey, the average monthly spending for the household was K1838 in the city of Lusaka. A sample of monthly spending provi des the following data. 236 1710 1351 825 7450 316 4135 1333 1584 387 991 3396 170 1428 1688 a) Compute the mean and median. b) Compute the first and third quartiles. c) Compute the range and interquartile range. d) Compute the standard deviation. e) The skewness measure for these data is 2.12. Comment on the shape of this distribution. Is i t the shape you would expect? Why or why not? f) Do the data contain outliers?

Jun 11, 2022

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Question One According to an annual consumer spending survey, the average monthly spending for the household was K1838 in the city of Lusaka. A sample of monthly spending provi des the following data....

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