Suppose the auctioneer in Exercise 27 sold a herd of cattle whose minimum weight was 980 pounds,

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Suppose the auctioneer in Exercise 27 sold a herd of cattle whose minimum weight was 980 pounds, median was 1140 pounds, standard deviation 84 pounds, and IQR 102 pounds. They sold for 40 cents a pound, and the auctioneer took a $20 commission on each animal. Then, for example, a steer weighing 1100 pounds would net the owner 0.40(1100) - 20 = $420. Find the minimum, median, standard deviation, and IQR of the net sale prices.
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Stats Data And Models

ISBN: 662

4th Edition

Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock

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