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TABLE 3-7
In a recent academic year, many public universities in the United States raised tuition and fees due to a decrease in state subsidies. The change in the cost of tuition, a shared dormitory room, and the most popular meal plan from the previous academic year for a sample of 10 public universities were as follows: $1,589, $593, $1,223, $869, $423, $1,720, $708, $1425, $922 and $308.
-Referring to Table 3-7, what is the interquartile range of the change in the cost?
Defective Units
Items or products in a batch or production run that fail to meet quality standards or specifications.
Pooled Standard Deviation
A method used to estimate a common standard deviation for two or more groups by combining their variability estimates into a single, pooled measure.
Sample Means
The average values calculated from a sample of data, used to estimate the mean of the entire population.
Defective
Pertains to items or products that fail to meet the required standards or specifications.
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