The Five-Number Summary of Credit Hours for 24 Students in a Statistics

question 267

Multiple Choice

The five-number summary of credit hours for 24 students in a statistics class is: $$\begin{array} { | c | c | c | c | c | } \hline \text { Min } & \text { Q1 } & \text { Median } & \text { Q3 } & \text { Max } \\\hline 13.0 & 15.0 & 16.5 & 18.0 & 22.0 \\\hline\end{array}$$ Which statement is true?

• A) There is at least one low outlier in the data.
• B) There is at least one high outlier in the data.
• C) There are both low and high outliers in the data.
• D) There are no outliers in the data.
• E) none of these

---

Definitions:

Simple Rate Of Return

The rate of return computed by dividing a project’s annual incremental net operating income by the initial investment required.

Salvage Value

The estimated residual value of an asset at the end of its useful life, representing what it could be sold for or scrapped.

Technologically Obsolete

Refers to products, services, or technology that have become outdated or no longer maintain a competitive advantage due to advancements in technology.

Simple Rate Of Return

A method to evaluate an investment's efficiency by dividing the annual incremental net operating income by the initial investment cost.