The Economist Is a Weekly Newspaper That Focuses on International $\$ 3.41$

question 17

Essay

The Economist is a weekly newspaper that focuses on international politics, business news, and opinion. Each year the "Big Mac Index," the price (\$ U. S.) of a Big Mac in countries around the world, is published as a light-hearted way of comparing currencies. The values for 19 countries are displayed at right. ( $\$ 3.41$ was the U.S. price at publication in the summer of 2007.)
$\begin{array} { | l | l | } \hline { \text { BMI } } \\\text { (USD) } \\\hline 3.41 & 1.68 \\2.67 & 4.17 \\2.95 & 1.54 \\3.61 & 2.29 \\4.01 & 1.60 \\3.68 & 2.69 \\1.45 & 2.51 \\2.51 & 2.03 \\3.53 & 2.59 \\5.08 & \\\hline\end{array}$

(a) Construct a box plot for these data
(b) Would you say this distribution is skewed or approximately symmetric? Justify your response using appropriate statistical terminology.

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Definitions:

Accrued Asset

An asset that represents revenues or incomes that have been earned but not yet received in cash or recorded.

Fiscal Period

A specific time period for which a business conducts financial accounting and reporting, often a year, split into quarters or months.

Accrued Expense

Expenses that have been incurred but not yet paid, recognized in the period they occur rather than when payment is made.

Computer Technician

A professional responsible for the maintenance, repair, and proper functioning of computer hardware and software.