Here Is a 5-Number Summary of Per-Capita Income in the 28

question 120

Multiple Choice

Here is a 5-number summary of per-capita income in the 28 member nations of the European Union.Data are in international dollars. Min: $12,808 Q1: $18,947 Median: $27,693 Q3: $37,770 Max: $79,785
Which of the following statements describes the appropriate box-and-whisker plot for this data?

• A)If fences were set in the standard manner, one value would lie outside of the fence and would be considered an outlier.
• B)If fences were set in the standard manner, two values would lie outside of the fences and would be considered outliers.
• C)The left side of the box should be set at $12,808.
• D)The vertical line representing the median should be drawn closer to the right side of the box than to the left side.
• E)The right side of the box should be set at $79,785.

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Definitions:

F-statistic

A ratio used in statistical analysis to determine the significance of a group of variables in a regression model.

F-to-enter

A criterion used in statistical analysis to decide when a variable should be added to a regression model based on the F-statistic value.

Multiple Regression Analysis

A statistical strategy that employs a selection of explanatory variables to predict the outcome of a variable of interest.

Stepwise Regression

A method of regression analysis in which the selection of predictive variables is carried out by an automatic procedure.