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Mid exam MGMT600(MSM)

# Mid exam MGMT600(MSM) - 1 Colorado Technical University...

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1 Colorado Technical University Mid-Exam Exam Paper Professor Mark Burroughs MGMT 600 Applied Managerial Decision Making By Musa S Milleta I D 09B3299796 Colorado Springs, Colorado JAN- 2011

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2 Q2. The answer:- Problem 16 0n page 113as given: Box plots. From the drawing a box plots, we need some statistics: the minimum value Q 1 (the first quartile, the median, Q3 (the third quartile). From the plots I determined the following information:- A- Estimate the median = about 450. B- Estimate the first quartiles = 300. And third quartiles =700. C - Determine the interquartile range, the box plots shows that the middle 50 percent of the box between 300 and 700, so the distance between the ends of the box is 400 which is the interquartile range. The interquartile range is the distance between the fist and the third quartile. The interquartile range = third quartiles - first quartiles =700-300=400. D -The outlier: Outlier > Q3+ 1.5 (Q3-Q1) = 700 +1.5(400). = 1,300. So the outlier is Less than Zero and more than 1,300.
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Mid exam MGMT600(MSM) - 1 Colorado Technical University...

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