Question

In: Statistics and Probability

What are the values that make up the 5-number summary? What types of value are they?

What are the values that make up the 5-number summary? What types of value are they?

Solutions

Expert Solution

A summary consists of five values:

1.Maximum value.

2.Minimum value.

3.Lower quartile

4.Upper quartile

5.median.

These values are presented together and ordered from lowest to highest: minimum value, lower quartile (Q1), median value (Q2), upper quartile (Q3), maximum value.using a box-plot(whisker-plot)

These values have been selected to give a summary of a data set because each value describes a specific part of a data set: the median identifies the centre of a data set; the upper and lower quartiles span the middle half of a data set; and the highest and lowest observations provide additional information about the actual dispersion of the data. This makes the five-number summary a useful measure of spread.

For example:

A year ago, Angela began working at a computer store. Her supervisor asked her to keep a record of the number of sales she made each month:

The following data set is a list of her sales for the last 12 months:

34, 47, 1, 15, 57, 24, 20, 11, 19, 50, 28, 37.

Use Angela's sales records to find:

  1. the maximum
  2. the minimum
  3. the median
  4. the lower quartile
  5. the upper quartile

Answers

The values in ascending order are:
1, 11, 15, 19, 20, 24, 28, 34, 37, 47, 50, 57

  1. Maximum value=57
  2. Minimum value=1
  3. Median = (12th + first) ÷ 2
    = 6.5th value
    = (sixth + seventh observations) ÷ 2
    = (24 + 28) ÷ 2
    Median= 26
  4. Lower quartile = value of middle of first half of data Q1
    = the median of 1, 11, 15, 19, 20, 24
    = (third + fourth observations) ÷ 2
    = (15 + 19) ÷ 2
    Lower quartile= 17
  5. Upper quartile = value of middle of second half of data Q3
    = the median of 28, 34, 37, 47, 50, 57
    = (third + fourth observations) ÷ 2
    = (37 + 47) ÷ 2
    Upper quartile= 42

FiVE-NUMBER SUMMARY:

MAXIMUM VALUE 57
MINIMUM VALUE 1
MEDIAN 26
LOWER QUARTILE 17
UPPER QUARTILE 42

please rate my answer and comment for doubts.


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