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:

Shareholders

Individuals or entities that own shares in a corporation, giving them ownership interests and possibly voting rights.

Synergy

The increased effectiveness that results when two or more entities work together compared to working separately.

Lockup Agreement

The part of the underwriting contract that specifies how long insiders must wait after an IPO before they can sell stock.

Economies of Scale

Cost advantages that enterprises obtain due to size, output, or scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output.