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Auto Insurance the Insurance Institute for Highway Safety Publishes Ratings

question 38

Essay

Auto insurance The Insurance Institute for Highway Safety publishes ratings for all
models of vehicles to compare the relative risk of payouts. 100 is the mean rating for all
vehicles. A rating of 122 means the vehicle is 22% worse than average. The table at the
right shows the summary statistics for the collision ratings of 27 midsize cars. $\begin{array} { | l | r | } \hline \text { Min } & 57 \\\text { Q1 } & 99 \\\text { Median } & 109 \\\text { Q3 } & 122 \\\text { Max } & 173 \\\text { Mean } & 110.9 \\\text { SD } & 23.99 \\\hline\end{array}$
a. Were any of the ratings outliers? Show how you made your decision.
b. A histogram of the data is shown. Is it more appropriate to use the mean and standard
deviation, or the median and IQR to describe these data? Explain. $Auto insurance The Insurance Institute for Highway Safety publishes ratings for all models of vehicles to compare the relative risk of payouts. 100 is the mean rating for all vehicles. A rating of 122 means the vehicle is 22% worse than average. The table at the right shows the summary statistics for the collision ratings of 27 midsize cars. \begin{array} { | l | r | } \hline \text { Min } & 57 \\ \text { Q1 } & 99 \\ \text { Median } & 109 \\ \text { Q3 } & 122 \\ \text { Max } & 173 \\ \text { Mean } & 110.9 \\ \text { SD } & 23.99 \\ \hline \end{array} a. Were any of the ratings outliers? Show how you made your decision. b. A histogram of the data is shown. Is it more appropriate to use the mean and standard deviation, or the median and IQR to describe these data? Explain.$

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