In one of the authors statistics classes, students were asked how many people live in their households,

Question:

In one of the author€™s statistics classes, students were asked how many people live in their households, including themselves. Here are the household sizes (in number of people) for 12 of those students:

a. Find the smallest observation, the quartiles, and the largest observation.
b. Find any outliers.
c. Construct a boxplot.
d. Given that the distribution is unimodal, is it skewed left, skewed right, or symmetric? Explain.
e. Which is a better measure of the center, the mean or the median? Explain.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...