Q3

Cordless phones - In their October 2003 issue, Consumer Reports evaluated the price and performance of 23

models of cordless phones. Computer output gives these summaries for the prices:

Min Q1 Median Q3 Max Mean SD

15 30 50 110 200 71.75 52.08

a. Were any of the prices outliers? Explain how you made your decision.

b. One of the manufacturers advertises a cordless phone "economy-priced at only $31.95." Would you consider that to be a very low price? Explain.