Box plot of income, Applied Statistics

Assignment Help:

The box plot displays the diversity of data for the income; the data ranges from 20 being the minimum value and 1110 being the maximum value. The box plot is positively skewed at 4.27 as the whisker at the top of the box is longer than the whisker at the bottom of the box, thus showing that there are more values at the top end of the box. The lower quartile is basically the 25th percentile which is 100; the median is the 50th percentile which is 120 and the upper quartile is 75th percentile which is 160.

519_box plot2.png

In relation to extreme data for income there are 58 outliers which have been identified on the box plot which deviate significantly from the rest of the distribution of the data:     

Outlier Value

Rows

1110

448

630

757

460

1200

450

1344

430

657

420

1379, 1416

400

1032

360

92, 1225

350

1187, 340, 1193

340

350, 56, 748, 1009

330

898, 903, 1170, 1191, 1143

320

121, 1188, 694, 373

310

345, 775

300

449, 974, 781, 872

290

176, 281, 1385

280

1247, 1171, 997, 485, 222, 181, 165

270

1413, 799, 80, 614, 1042, 1299

260

9, 23, 163, 260, 481, 674, 1210, 1322, 1370,1517

 


Related Discussions:- Box plot of income

Two-tailed and one-tailed tests, If the test is two-tailed, H1:  μ ≠  μ 0  ...

If the test is two-tailed, H1:  μ ≠  μ 0  then the test is called two-tailed test and in such a case the critical region lies in both the right and left tails of the sampling distr

Deviation measures, Deviation Measures The drawback of the range as a m...

Deviation Measures The drawback of the range as a measure of dispersion is that it takes into account the values of only two data points - the largest and the smallest. One

Determine relative frequency, A sample of college students and a separate s...

A sample of college students and a separate sample of adults aged 30-59 were surveyed regarding the amount of fruit they eat each day.  The results are shown in the histograms belo

Ogive graphs, how many types of ogive are there

how many types of ogive are there

Heteroskedastic-consistent standard errors, The following table shows the r...

The following table shows the results of fitting a linear regression model of starting annual salaries on a constant, GPA (4 point scale), and a variable (Metrics =1) indicating wh

Mode for grouped data, Grouped Data For calculating mode from a...

Grouped Data For calculating mode from a frequency distribution, the following formula   Mode = L mo +  x W where,

Correlation - cause and effect, Cause and Effect Even a highly signifi...

Cause and Effect Even a highly significant correlation does not necessarily mean that a cause and effect relationship exists between the two variables. Thus, correlation does

Package design ratings, Consider the sample of 60 package design ratings gi...

Consider the sample of 60 package design ratings given in the table below.                                    A Sample of Package Design Ratings                 (Composite S

Find out the probability, There are n seats on an airplane and n passengers...

There are n seats on an airplane and n passengers have bought tickets. Unfortunately, the first passenger to enter the plane has lost his ticket and, so he just chooses a seat at r

Markov Chain, Each weekend, Derek either reads a book (B), goes to the cine...

Each weekend, Derek either reads a book (B), goes to the cinema (C), visits his local museum (M), or plays squash (S). If he reads a book one weekend, then he will take part in one

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd