Using the box-and-whisker plot given:
a. Range = 9.5
b. The lower 25% of the prices are between $8.75 and $10.5; the middle 50% of the prices are between $10.5 and $14.75; and, the upper 25% of the prices are between $14.75 and $18.25
c. Interquartile range (IQR) = $4.25
What is a Box-and-whisker Plot?
A box-and-whisker plot shows the five number summary which includes:
- Lower Quartile (Q1)
- Minimum Value
- Median
- Upper Quartile (Q3)
- Maximum Value, of a data distribution.
Thus:
a. Range = Max - Min
Range = 18.28 - 8.75
Range = 9.5
b. The data distribution in the box-and-whisker plot can be described as:
The lower 25% of the prices are between $8.75 and $10.5
The middle 50% of the prices are between $10.5 and $14.75
The upper 25% of the prices are between $14.75 and $18.25.
c. Interquartile range (IQR) = Q3 - Q1
Interquartile range (IQR) = 14.75 - 10.5
Interquartile range (IQR) = $4.25
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