The fiVe-Number Summary of the Length of Phone Calls of 100

question 56

Essay

The five-number summary of the length of phone calls of 100 people is listed below. Consider the following two statements regarding outliers for this data and determine which, if any, are correct. Explain your reasoning. (i) There is at least one person made a phone call that is a low outlier. (ii) There is at least one person made a phone call that is a high outlier.

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Definitions:

Internal Rate of Return

Internal Rate of Return (IRR) is a financial metric used to evaluate the profitability of potential investments, representing the discount rate at which the net present value of costs (cash outflows) and benefits (cash inflows) of an investment equal zero.

Net Working Capital

A financial metric that represents the difference between a company's current assets and current liabilities.

Cash Flows

The total amount of money being transferred into and out of a business, affecting the company's liquidity, solvency, and overall financial health.

Project Analysis

Project analysis involves evaluating the financial viability, stability, and profitability of a project before committing resources to it.