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Compute iqr of all the potential fines

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Reference no: EM131712603

Question: Caught speeding. Suppose police set up radar surveillance on the Stanford street described in Exercise 20. They handed out a large number of tickets to speeders going a mean of 28 mph, with a standard deviation of 2.4 mph, a maximum of 33 mph, and an IQR of 3.2 mph. Local law prescribes fines of $100, plus $10 per mile per hour over the 20 mph speed limit. For example, a driver convicted of going 25 mph would be fined 100 + 10(5) = $150. Find the mean, maximum, standard deviation, and IQR of all the potential fines.

Reference no: EM131712603

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