Use the following information for the questions. A group of home gardeners want to test whether the type of soil used to grow carrots has an effect on the number of carrots harvested. Gardeners randomly assigned carrot plants to be grown in soil with no fertilizer, commercial plant food, and homemade compost. All other growing conditions were kept the same. Fifty plants were assigned to each group. At the end of the growing season the number of carrots harvested was counted. Use the output below to answer the question. Assume that all other conditions for the ANOVA test have been met.
-Interpret the boxplots given. Compare medians, interquartile ranges, and shapes, and mention any potential outliers.
Definitions:
Aggregate Market Value
The total market capitalization of a company, calculated by multiplying the current stock price by the total number of outstanding shares.
Compound Annual Rate
The rate of return that would be required for an investment to grow from its beginning balance to its ending one with the compounding effect considered over a period of one year.
Compound Annual Returns
Measures the geometric average amount of money earned over a specified time period per year, taking into account the effect of compounding.
Equity Mutual Fund
A type of mutual fund that primarily invests in stocks, seeking to offer returns based on the performance of these equities.
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