How much more interest is earned on an investment of $12,585 at 3.5% interest over 5 years if the interest is compounded annuall
2 answers:
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Answer:
The data is skewed to the bottom and contains an outlier.
Step-by-step explanation:
1. Test for outlier
An outlier is a point that is more than 1.5IQR below Q1 or above Q3.
IQR = Q3 - Q1 = 74 - 51 = 23
1.5 IQR = 1.5 × 23 = 34.5
51 - 15 = 36 > 1.5IQR
The point at 15 is an outlier.
2. Test for normal distribution
The median is not in the middle of the box.
Rather, it cuts the box into two unequal parts, so the data does not have a normal distribution.
3. Test for skewness
The longer part is to the left of the median, so the data is skewed left.
