The Boxplots Show Prices of Used Cars (In Thousands of Dollars)

question 87

Essay

The boxplots show prices of used cars (in thousands of dollars) advertised for sale at three different car dealers.
a. Which dealer offers the cheapest car offered, and at what price?
b. Which dealer has the lowest median price, and how much is it?
c. Which dealer has the smallest price range, and what is it?
d. Which dealer's prices have the smallest IQR, and what is it?
e. Which dealer generally sells cars cheapest? Explain.

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Definitions:

Corporation Social Responsibility

Practices and policies undertaken by corporations to positively impact societal, environmental, and economic domains.

Corporate Profits

The earnings of a corporation after all expenses, taxes, and costs have been deducted from total revenue.

Consumer Preferences

The subjective tastes and desires influencing the choices that consumers make among various products and services.

Occupational Safety and Health Act

A law enacted to ensure safe and healthful working conditions for employees by setting and enforcing standards and providing training, outreach, education, and assistance.