. What are the key calculations needed in order to encounter a box plot?

Question

Question

business economics

Answer 1

Answer #1

Box Plot is used to identify the spread of the data.

We have 5 characteristics of a box plot

1. Range : Max value in the data set - Minimum value

2. Q1: Quartile 1 which is the measure summarizing the mean of the first 25% of the observations

3. Median- Middle most value

4. Q3: Quartile 3 or the measure summarizing the median if the last 25% of the observations

5. IQR: Inter Quartile Range : Q3-Q1

If any data point is 1.5IQR away from median then it is an outlier

Answer 2

Similar Homework Help Questions

what are 3 key software needed to be installed on the lenovo desktop in order for...

what are 3 key software needed to be installed on the lenovo desktop in order for a bank ambassador to complete their work
One type of plot commonly used in research papers is a "box plot", also known as...

One type of plot commonly used in research papers is a "box plot", also known as a 'box and whisker plot". A boxplot can be created in MATLAB using the boxplot command Here's an example: - -- + Considering just the box in a box plot, what extent of the data is represented in order by the top edge and the bottom edge? Select one: the median - 1 SD and the median - 1 SD the 66th percentile and...
What happens when Q1 and the minimum is the same number? Will the box plot distribution...

What happens when Q1 and the minimum is the same number? Will the box plot distribution be separated by 33% (since there is only 3 parts of the box plot)?

A modified box-and-whisker plot is a box-and-whisker plot that uses symbols to identify outliers. The horizontal...

A modified box-and-whisker plot is a box-and-whisker plot that uses symbols to identify outliers. The horizontal line of a modified box-and-whisker plot extends as far as the minimum data entry that is not an outlier and the maximum data entry that is not an outlier. (a) Identify any outliers and (b) draw a modified box-and-whisker plot that represents the data set. 11,2,8,13,8,13,10,10,12,14,11,11,24,16,10 (a) Identify any outliers. Select the correct choice below and, if necessary, fill in the answer box to...
2. What is a Beer's Law plot and what information will be needed to generate it?...

2. What is a Beer's Law plot and what information will be needed to generate it? What information will you be able to get from this plot?
Part A) What would you plot in terms of concentration vs time in order to plot...

Part A) What would you plot in terms of concentration vs time in order to plot a first order reaction in order to yield a linear correlation? Part B) What would you plot differently for a second order reaction to yield a linear correlation?

What immune system obstacles would bacteria encounter as they make initial contact with the skin of...

What immune system obstacles would bacteria encounter as they make initial contact with the skin of a hand and then enter the body through a cut in the skin? Discuss these obstacles in the order that the bacteria would encounter them.
What immune system obstacles would bacteria encounter as they make initial contact with the skin of...

What immune system obstacles would bacteria encounter as they make initial contact with the skin of a hand and then enter the body through a cut in the skin? Discuss these obstacles in the order that the bacteria would encounter them
When creating a box plot in SAS, what has to be entered after choosing the type...

When creating a box plot in SAS, what has to be entered after choosing the type of visual you want to use?

1. What is the key step of redox calculations? 2. What is the relationship between normality...

1. What is the key step of redox calculations? 2. What is the relationship between normality and molarity? What is the relationship between equivalent and mole? What is the relationship between formula mass and equivalent mass?