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Author Question: The selling prices of mutual funds change daily. In order to study these changes, a sample of mutual ... (Read 240 times)

tiffannnnyyyyyy

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on: Jul 25, 2018
The selling prices of mutual funds change daily. In order to study these changes, a sample of mutual funds was examined and the daily changes in price are listed below.
  0.05, 0.00, -0.03, -0.01, 0.18, 0.00, 0.02, 0.29, 0.00, -0.07, 0.10, 0.07, 0.
 
  03
 
  Determine the lower and upper fences. Are there any outliers according to this criterion?

Question 2

To study the physical fitness of a sample of 28 people, the data below were collected representing the number of sit-ups that a person could do in one minute.
 
  10 12 12 15 15 15 18
   20 22 25 25 26 29 30
   32 33 40 40 40 45 46
   47 48 48 50 52 53 56
 
  Determine the lower and upper fences. Are there any outliers according to this criterion?


brbarasa

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Reply #1 on: Jul 25, 2018
Answer to Question 1

lower fence = -0.14; upper fence = 0.22; outliers: 0.29

Answer to Question 2

lower fence = -22.25; upper fence = 87.75; outliers: none


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tiffannnnyyyyyy

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Reply #2 on: Jul 25, 2018
Both answers were spot on, thank you once again


brbarasa

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Reply #3 on: Jul 25, 2018
Great! Please up vote :D


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