Statement of a problem № m116


A sample of 50 funds deposited in First Federal Savings Bank’s MCA (miniature checking account) revealed the following amounts.  Use a statistical software package such as Excel or Minitab to help answer the following 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 frequencydistribution.

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