A Soft-Drink Bottling Company Fills and Ships Soda in Plastic $Q _ { 1 } = 349 , Q _ { 2 } = 352 , \text { and } Q _ { 3 } = 355$

question 48

True/False

A soft-drink bottling company fills and ships soda in plastic bottles with a target volume of 354 milliliters. The filling machinery does not deliver a perfectly consistent volume of liquid to each Bottle, and the three quartiles for the fill volume are $Q _ { 1 } = 349 , Q _ { 2 } = 352 , \text { and } Q _ { 3 } = 355$ A fill volume of 345 mL is considered low. Would a fill volume of 345 mL be considered an outlier?

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Definitions:

Market Value

The price at this moment for buying or selling an asset or service in the market.

Stock Dividend

A stock dividend is a payment made in the form of additional shares instead of cash, reflecting a company's desire to reward shareholders without reducing cash on hand.

Par Value

The face value of a bond or stock as stated by the issuer, which may differ from its market value.

Capital in Excess

Funds received by a company over and above the par value of its stock, also known as additional paid-in capital.