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A credit card company wants to see how much customers in a particular segment of their market use their credit card. They have provided you

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A credit card company wants to see how much customers in a particular segment of their market use their credit card. They have provided you with data on the amount spent by 500 selected customers during a 3-month period and have asked you to summarize the expenditures. Of course, you begin by making a histogram. 300 250 200 # of Customers 150 Jolg eldd nalow monde 100 50 2000 4000 6000 8000 Average Monthly Spend ($) Use the information to answer the following questions: a) Describe the shape of the distribution b) Suppose the quartiles are $73.84 and $ 624.80. Calculate the Inter Quartile Range (IQR) c) The median is $478.19 and the standard deviation is $741.87. Make a boxplot. d) Could you identify outliers in this distribution? Explain your reasoning

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