You Have Created a Histogram Showing the Distribution of the Amount

question 39

Essay

You have created a histogram showing the distribution of the amount of money spent weekly on video game purchases of 120 males ages 19- 25 over the last 6 months. The histogram shows that the typical amount spent by males in this age category is $35. The histogram also shows that one male reported that he spent $250 dollars on video game purchases during one of the weeks. Explain how you would use the histogram to determine whether $250 is an outlier.

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Definitions:

Fiscal Year

A 12-month period used for accounting purposes that may not coincide with the calendar year.

Callable Bond

A bond that can be redeemed or "called" by the issuer before its maturity date, usually at a premium above par value.

Term Bond

A type of bond that matures on a specific date in the future and pays back the principal amount at that time, often alongside regular interest payments.

Convertible Bond

A type of bond that can be converted into a predetermined amount of the company's equity at certain times during its life, usually at the discretion of the bondholder.