Construct a Boxplot as Requested $\begin{array} { l l l l l } 4.0 & 1.0 & 1.5 & 1.6 & 2.0 \end{array}$

question 54

Multiple Choice

Construct a boxplot as requested.
-The normal monthly precipitation (in inches) for August is listed for 20 different U.S. cities. Construct a boxplot for the data set. $\begin{array} { l l l l l } 4.0 & 1.0 & 1.5 & 1.6 & 2.0 \end{array}$
$\begin{array} { l l l l l } 2.2 & 2.4 & 2.7 & 3.4 & 3.4 \\ 3.5 & 3.6 & 3.6 & 3.7 & 3.7 \end{array}$
$\begin{array} { l l l l l l } 3.5 & 3.6 & 3.6 & 3.7 & 3.7 \\ 3.9 & 4.1 & 4.2 & 4.2 & 7.0 \end{array}$
$\begin{array} { l l l l l l } 3.9 & 4.1 & 4.2 & 4.2 & 7.0 \end{array}$

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Definitions:

Tax Incidence

The study of who ultimately bears the economic burden of a tax, whether producers or consumers.

Inelastic Demand

A situation where the demand for a product does not significantly change with a change in its price.

Excise Tax

A tax levied on the sale of particular goods and services, such as alcohol, tobacco, and gasoline.

Pretax Equilibrium

The market condition where supply and demand balance before any taxes are applied.