Solution) Based on Polk’s study, we have also identified 8 BMW vehicles that were bought “brand new” by their
Question: Based on Polk’s study, we have also identified 8 BMW vehicles that were bought “brand new” by their owners. Between 2003 and 2011, the BMW car owners have declared keeping their brand new cars for the following number of years before selling it. The following data shows the age of eight vehicles that were sold for the first time by their owners.
9 4 6 3 8 5 4 5
Let Y represents the age of BMW cars sold for the first time by their owners.
a) Fill in the following table (USE MINITAB).
Mean of Y | 5.5 |
Median of Y | 5 |
Standard Deviation of the sample | 2.0702 |
Lower and Upper Quartiles | Q1 = 4, Q3 = 7.5 |
Range of Y | 9-3 = 6 |
IQR of Y | 7.5 - 4 = 3.5 |
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