The % by Weight of the Element Lead Was Calculated

question 1

Essay

The % by weight of the element Lead was calculated for the coins minted in Rome. Some of the summary statistics are given in the table below. (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.

---

Definitions:

Total Product

The total output of goods and services produced by a firm using given inputs within a specific time period.

Additional Unit

Refers to one more quantity of a good or service added to previous totals, often in contexts discussing costs or benefits.

Complementary Resources

Productive inputs that are used jointly with other inputs in the production process; resources for which a decrease in the price of one leads to an increase in the demand for the other.

Price Decrease

A reduction in the monetary value that must be paid for a product or service.