A bicycle store costs $1500 per month to operate. The store pays an average of $35 per bike. The average selling price of each b
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Given:
The data values are
11, 12, 10, 7, 9, 18
To find:
The median, lowest value, greatest value, lower quartile, upper quartile, interquartile range.
Solution:
We have,
11, 12, 10, 7, 9, 18
Arrange the data values in ascending order.
7, 9, 10, 11, 12, 18
Divide the data in two equal parts.
(7, 9, 10), (11, 12, 18)
Divide each parenthesis in 2 equal parts.
(7), 9, (10), (11), 12, (18)
Now,
Median =
=
=
Lowest value = 7
Greatest value = 18
Lower quartile = 9
Upper quartile = 12
Interquartile range (IQR) = Upper quartile - Lower quartile
= 12 - 9
= 3
Therefore, median is 10.5, lowest value is 7, greatest value is 18, lower quartile 9, upper quartile 12 and interquartile range is 3.