Determine first and third quartiles for federal savings bank

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Reference no: EM13867868

A sample of the funds deposited in First Federal Savings Bank's MCA (miniature check- ing account) revealed the following amounts.

$124

$14

$150

$289

$52

$156

$203

$82

$27

$248

39

52

103

58

136

249

110

298

251

157

186

107

142

185

75

202

119

219

156

78

116

152

206

117

52

299

58

153

219

148

145

187

165

147

158

146

185

186

149

140

Use a statistical software package such as Excel or Minitab to help answer the follow- ing questions.

a. Determine the mean, median, and standard deviation.

b. Determine the first and third quartiles.

c. Develop a box plot. Are there any outliers? Do the amounts follow a symmetric distribution or are they skewed? Justify your answer.

d. Organize the distribution of funds into a frequency distribution.

e. Write a brief summary of the results in parts a to d.

Reference no: EM13867868

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