The fiVe-Number Summary of the Ages of Passengers on a Cruise

question 27

Multiple Choice

The five-number summary of the ages of passengers on a cruise ship is listed below. Consider the following two statements regarding outliers for this data and determine which, if any, are correct. (i) There is at least one passenger whose age is a low outlier. (ii) There is at least one passenger whose age is a high outlier.

• A)Only statement (i) is correct.
• B)Only statement (ii) is correct.
• C)Both statements (i) and (ii) are correct.
• D)Neither statement (i) or (ii) is correct.

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Definitions:

Assignment

The transfer of rights, property, or responsibilities from one party to another.

Treasury Bills

Short-term debt obligations issued by the government to finance its operations, with maturities ranging from a few days to one year.

Mutual Mistake

A legal concept where both parties involved in an agreement have a misunderstanding regarding a critical fact of the agreement.

Reasonable Person Test

In a negligence action, the judicial standard of socially acceptable behavior; the standard used to determine the existence of apparent authority of an agent.