Solve the Problem. -Describe What These Boxplots Tell You About the Relationship Between

question 129

Multiple Choice

Solve the problem.
-Describe what these boxplots tell you about the relationship between the state you live in and your salary, based on the same occupation.

• A)IL and MA have very comparable salaries. The average salaries for these states are just above $40K, and their variations are very close. NV is very comparable to IL and MA. The upper 50% of salaries for NV corresponds to the lower 50% of WA salaries.
• B)IL and MA don't have very comparable salaries. The average salaries for these states are just below $40K, and their variations are different. NV is not very comparable to either IL or MA. The upper 50% of salaries for WA corresponds to the lower 50% of NV salaries.
• C)IL and MA have very comparable salaries. The average salaries for these states are just below $40K, but their variations are different. NV is not very comparable to either IL or MA. The Upper 50% of salaries for NV corresponds to the lower 50% of WA salaries.
• D)IL and MA have very comparable salaries. The average salaries for these states are just below $40K, and their variations are very close. NV is not very comparable to either IL or MA. The Upper 50% of salaries for NV corresponds to the lower 50% of WA salaries.

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Definitions:

Security Market Line

A line graph that represents the relationship between risk (beta) and the expected return of the market and various securities.