John Lives in Los Angeles and Hates the Traffic

question 124

Essay

John lives in Los Angeles and hates the traffic.He asked a sample of 6 of his coworkers who live all over Los Angles how many hours they spend commuting every year.These are their responses in hours per year.
20 240 260 300 310 570
a.Calculate and interpret the 30^th,50^th,and 70^th percentiles.
b.Are there any outliers? Is the distribution symmetric? If not,comment on its skewness.

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Definitions:

ESOPs

Acronym for Employee Stock Ownership Plan, a program that gives employees ownership interest in the company through stock ownership, often as an employee benefit.

Pay Back

Refers to returning or compensating someone for something, often used in the context of investments, loans, or when rectifying a mistake.

Merit Raises

Salary increases awarded to employees based on their job performance, recognizing superior work or achievement.

Altruism

Unselfish concern for the welfare of others.