Math Problem Statement
The following data represent the dividend yields (in percent) of a random sample of 28 publicly traded stocks. 2.31 0.15 2.82 0.53 0.02 2.61 1.4 0.76 0 1.94 0 0.84 3.19 0.48 0.38 3.54 1.08 0.12 2.14 3.07 0 0.1 0 0.8 2.98 0.99 0.64 2.08 (a) Compute the five-number summary.
Solution
To compute the five-number summary of the dividend yields, we need to find the following values:
- Minimum: The smallest value in the dataset.
- First quartile (Q1): The value at the 25th percentile of the dataset.
- Median (Q2): The value at the 50th percentile of the dataset.
- Third quartile (Q3): The value at the 75th percentile of the dataset.
- Maximum: The largest value in the dataset.
Step-by-Step Calculation:
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Arrange the data in ascending order:
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Minimum: The smallest value is .
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First quartile (Q1): To find the first quartile, we locate the value at the 25th percentile. For a dataset of 28 numbers: The 7th and 8th values are and , so:
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Median (Q2): The median is the value at the 50th percentile: The 14th and 15th values are and , so:
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Third quartile (Q3): To find the third quartile, locate the value at the 75th percentile: The 21st and 22nd values are and , so:
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Maximum: The largest value is .
The Five-Number Summary:
- Minimum:
- First quartile (Q1):
- Median (Q2):
- Third quartile (Q3):
- Maximum:
Do you want more details or have any questions?
Here are 5 related questions for further exploration:
- How would the interquartile range (IQR) be calculated from this dataset?
- What does the shape of the data distribution suggest based on this five-number summary?
- How could outliers be detected using this five-number summary?
- What impact would additional data points have on the quartiles and median?
- How can the five-number summary be visually represented?
Tip: The interquartile range (IQR) is a useful measure for detecting the spread of the middle 50% of data points in a dataset.
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Math Problem Analysis
Mathematical Concepts
Descriptive Statistics
Five-number Summary
Percentiles
Data Distribution
Formulas
First Quartile (Q1) = (n+1)/4th position
Median (Q2) = (n+1)/2th position
Third Quartile (Q3) = 3*(n+1)/4th position
Interquartile Range (IQR) = Q3 - Q1
Theorems
Quartiles and Percentiles Theorem
Median as the 50th percentile
Minimum and Maximum definitions in statistics
Suitable Grade Level
Grades 9-12
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