A Population Consists of 100 Professional Gymnasts and 100 Professional

question 39

Essay

A population consists of 100 professional gymnasts and 100 professional basketball players. For this group, the average height is 70 inches. However, most of the gymnasts are between 57 and 61 inches tall while most of the basketball players are between 78 and 82 inches tall. For this group, observations far from the mean are more common than observations close to the mean. Describe what a boxplot for the heights of this group would look like. Discuss, in particular, the lengths of the whiskers relative to the width of the box and explain your reasoning.

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Definitions:

Foreign Exchange Futures

Financial contracts to buy or sell a specified amount of currency at a predetermined price on a set future date, used for hedging or speculating on currency movements.

Foreign Exchange Forward

A financial contract between two parties to buy or sell a particular currency amount at a predetermined future date and price.

Formal

Characterized by adherence to established rules or standards, often relating to official, structured, or systematic processes.

Stock Index Futures

Agreements that require the seller to sell and the buyer to buy a particular stock index at a fixed price and date in the future.