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QUESTION

Justify your answers and detail your calculations briefly. According to an annual consumer spending survey, the average monthly Bank of America Visa credit card charge was $1838. A sample of monthl

Justify your answers and detail your calculations briefly.   

According to an annual consumer spending survey, the

average monthly Bank of America Visa credit card charge was

$1838. A sample of monthly credit card charges provides the

following data.

236.         1710.            1351              825           7450

316.          4135            1333             1584          387

991.          3396            1428              170           1688

• Compute the mean, median, range, and interquartile range.

• The skewness measure for these data is 2.12. Comment on

the shape of this distribution. Is it the shape you would

expect? Why or why not?

. Do the data contain outliers?

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