Math Problem Statement
The following data represent the dividend yields (in percent) of a random sample of 28 publicly traded stocks. Complete parts (a) to (c). 0.57 0.39 0 2.98 0.34 2.59 2.42 2.71 0.32 2.88 0 2.84 3.06 0.31 1.72 3.54 1.72 0.98 1.33 2.96 0 0.33 0 0.41 1.99 0.13 1.5 0.15
Question content area bottom Part 1 (a) Compute the five-number summary. The five-number summary is enter your response here, enter your response here, enter your response here, enter your response here, enter your response here. (Round to two decimal places as needed. Use ascending order.)
Solution
To compute the five-number summary of the given data, we need the following values:
- Minimum (Min): The smallest value in the dataset.
- First Quartile (Q1): The median of the lower half of the dataset (25th percentile).
- Median (Q2): The middle value when the data is ordered.
- Third Quartile (Q3): The median of the upper half of the dataset (75th percentile).
- Maximum (Max): The largest value in the dataset.
Let’s first organize the data in ascending order and then compute these values.
Raw data:
0.57, 0.39, 0, 2.98, 0.34, 2.59, 2.42, 2.71, 0.32, 2.88, 0, 2.84, 3.06, 0.31, 1.72, 3.54, 1.72, 0.98, 1.33, 2.96, 0, 0.33, 0, 0.41, 1.99, 0.13, 1.5, 0.15
Step 1: Sort the data in ascending order:
0, 0, 0, 0, 0.13, 0.15, 0.31, 0.32, 0.33, 0.34, 0.39, 0.41, 0.57, 0.98, 1.33, 1.5, 1.72, 1.72, 1.99, 2.42, 2.59, 2.71, 2.84, 2.88, 2.96, 2.98, 3.06, 3.54
Step 2: Identify the five-number summary:
- Minimum (Min): The smallest number is 0.
- Maximum (Max): The largest number is 3.54.
- Median (Q2): The middle value in this ordered list of 28 numbers. Since there are 28 numbers (an even number), we average the 14th and 15th values.
- 14th value: 0.98
- 15th value: 1.33
- Median =
- First Quartile (Q1): The median of the first half of the data (the first 14 values). This is the median of the numbers from 0 to 0.98.
- 7th value: 0.31
- 8th value: 0.32
- First Quartile =
- Third Quartile (Q3): The median of the second half of the data (the numbers from 1.5 to 3.54). This is the median of the numbers from 1.5 to 3.54.
- 7th value in this half (21st overall): 2.42
- 8th value in this half (22nd overall): 2.59
- Third Quartile =
Summary:
- Minimum (Min): 0
- First Quartile (Q1): 0.315
- Median (Q2): 1.16
- Third Quartile (Q3): 2.505
- Maximum (Max): 3.54
Thus, the five-number summary is:
- 0, 0.32, 1.16, 2.51, 3.54.
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Math Problem Analysis
Mathematical Concepts
Statistics
Five-number summary
Quartiles
Median
Data analysis
Formulas
Five-number summary: Min, Q1, Median (Q2), Q3, Max
Theorems
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Suitable Grade Level
Grades 9-12