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:

  1. Minimum (Min): The smallest value in the dataset.
  2. First Quartile (Q1): The median of the lower half of the dataset (25th percentile).
  3. Median (Q2): The middle value when the data is ordered.
  4. Third Quartile (Q3): The median of the upper half of the dataset (75th percentile).
  5. 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:

  1. Minimum (Min): The smallest number is 0.
  2. Maximum (Max): The largest number is 3.54.
  3. 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 Q2Q2 = 0.98+1.332=1.16\frac{0.98 + 1.33}{2} = 1.16
  4. 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 Q1Q1 = 0.31+0.322=0.315\frac{0.31 + 0.32}{2} = 0.315
  5. 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 Q3Q3 = 2.42+2.592=2.505\frac{2.42 + 2.59}{2} = 2.505

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