Question
The prices of 14 different randomly selected
compact cameras are as
follows:
,
, and
.
Use the interquartile range approach
IQR,
IQR) to find
whether any of the amounts are outliers. List any outliers. Select all that apply.
239
none of these
90
1
follows:
Use the interquartile range approach
whether any of the amounts are outliers. List any outliers. Select all that apply.
239
none of these
90
1
Ask by Carroll Bates. in the United States
Dec 07,2024
Upstudy AI Solution
Tutor-Verified Answer
Answer
There are no outliers.
Solution

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Beyond the Answer
To determine if there are any outliers in the prices of the cameras using the interquartile range (IQR) approach, we first have to calculate
(the first quartile) and
(the third quartile).
-
Order the Prices:
-
-
Find
and : - The median (Q2) is the average of the 7th and 8th values, which are
and : -
-
is the median of the first half : the 4th value is . -
is the median of the second half : the 4th value is .
- The median (Q2) is the average of the 7th and 8th values, which are
-
Calculate IQR:
-
-
Determine Outlier Boundaries:
- Lower bound:
- Upper bound:
- Lower bound:
-
Identify Outliers:
- Any value below
or above is an outlier. Since no prices fall below and none exceed , there are no outliers.
- Any value below
Given the provided options: “239”, “none of these”, “90”, “1”, the selection here based on our calculation indicates none of these are outliers, reaffirming that all observed prices are well within the calculated range.