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A wide variety of oak trees grow in the United States. In one study a sample of acorns was collected from different locations, and their volumes, in cm3, were recorded. In the table below are summary statistics for these data. (a) Describe a procedure that uses these some or all of these summary statistics to determine whether outliers are present in the data.
(b) Using your procedure from part (a), determine if there are outliers in these data.
Investments
Assets or items acquired with the goal of generating income or appreciation over time.
Interest Rate
The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan balance.
Non-interest Bearing
A financial term indicating a debt or deposit that does not accrue interest over time, identical in concept to its prior mention but explained with different wording.
Compounded Monthly
A method of calculating interest where the interest earned each month is added to the principal, compounding the amount on which future interest is calculated.
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