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8. Assume that average cost of a particular medication is $60, with standard deviation $5, and that the cost is normally distributed. (a) Find the
8. Assume that average cost of a particular medication is $60, with standard deviation $5, and that the cost is normally distributed. (a) Find the first quartile for the price of the medication. (b) Find the third quartile for the price of the medica- tion. (c) Find the lower bound (lower fence) for the boxplot- method of finding outliers for the price of the medi- cation. (d) Find the upper bound (upper fence) for the boxplot- method of finding outliers for the price of the medi- cation. (e) How many standard deviations away from the mean was the upper bound found in (d)
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