Reconsider the court awards data presented in Exercise 59. a. What are the values of the quartiles,
Question:
Reconsider the court awards data presented in Exercise 59.
a. What are the values of the quartiles, and what is the value of the iqr?
b. How large or small does an observation have to be to qualify as an outlier? As an extreme outlier?
c. Construct a boxplot, and comment on its features.
Data From Exercises 59
In 1997 a woman sued a computer keyboard manufacturer, charging that her repetitive stress injuries were caused by the keyboard (Genessy v. Digital Equipment Corp.). The jury awarded about $3.5 million for pain and suffering, but the court then set aside that award as being unreasonable compensation. In making this determination, the court identified a “normative” group of 27 similar cases and specified a reasonable award as one within two standard deviations of the mean of the awards in the 27 cases. The 27 awards (in $1000s) were
from which ∑xi = 20;179, ∑x2i = 24;657;511. What is the maximum possible amount that could be awarded under the two standard deviation rule?
Step by Step Answer:
Modern Mathematical Statistics With Applications
ISBN: 9783030551551
3rd Edition
Authors: Jay L. Devore, Kenneth N. Berk, Matthew A. Carlton