Cellphones ConsumerReports A Were Any of the Prices Outliers? Explain How You

question 11

Essay

Cellphones ConsumerReports.org evaluated the price and performance of 99 models of
cellphones. Computer output gives these summaries for the prices: $$\begin{array} { | c | c | c | c | c | c | c | c | c | } \hline \text { Min } & \text { Q1 } & \text { Median } & \text { Q3 } & \text { Max } & \text { MidRange } & \text { Mean } & \text { TrMean } & \text { SD } \\\hline 0 & 0 & 50 & 200 & 400 & 200 & 96.36 & 90.21 & 107.23 \\\hline\end{array}$$
a. Were any of the prices outliers? Explain how you made your decision.
b. One of the manufacturers advertises a cellphone "economy-priced at only $31.95".
Would you consider that to be a very low price? Explain.

Learn the calculations and implications of the debt to total assets ratio and times interest earned ratio.

Interpret the effects of managing inventory and receivables on a company's cash flow.

Understand how different ratios interact to affect the return on assets ratio.

Understand how to calculate and interpret the inventory turnover ratio.

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Definitions:

True Power

The actual power consumed by a device, calculated in watts as the product of voltage, current, and the cosine of the phase angle for AC circuits.

Clamp-On Ammeter

A type of ammeter that can measure a wire's current without the need to disconnect it from the circuit, by clamping around the wire.

True Power

The actual power consumed by a circuit, measured in watts, as opposed to apparent power, which includes reactive power.

Series RC

A circuit configuration consisting of a resistor (R) and a capacitor (C) connected in a series arrangement.