(i.e., mound-shaped and symmetric about the mean). 2. Compute the intervals x { s, x { 2s,...

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(i.e., mound-shaped and symmetric about the mean). 2. Compute the intervals x { s, x { 2s, and x { 3s, and determine the percentage of measurements falling in each. If the data are approximately normal, the percentages will be approximately equal to 68%, 95%, and 100%, respectively. 3. Find the interquartile range, IQR, and standard deviation, s, for the sample, then calculate the ratio IQR/s. If the data are approximately normal, then IQR/s ≈ 1.3. 4. Examine a normal probability plot for the data. If the data are approximately normal, the points will fall (approximately) on a straight line. A normal probability plot for a data set is a scatterplot with the ranked data values on one axis and their corresponding expected z-scores from a standard normal distribution on the other axis. [Note: Computation of the expected standard normal z-scores is beyond the scope of this text. Therefore, we will rely on available statistical software packages to generate a normal probability plot.]

b. Calculate the z values that correspond to the inner fences of the box plot for a normal probability distribution.

c. Calculate the z values that correspond to the outer fences of the box plot for a normal probability distribution.

d. What is the probability that an observation lies beyond the inner fences of a normal probability distribution? The outer fences?

e. Can you better understand why the inner and outer fences of a box plot are used to detect outliers in a distribution? Explain.

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Related Book For  book-img-for-question

Statistics For Business And Economics

ISBN: 9781292413396

14th Global Edition

Authors: James McClave, P. Benson, Terry Sincich

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