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In Exercises 1鈥3, use the following recent annual salaries (in millions of dollars) for players鈥俹n鈥倀he鈥侼.Y.鈥侹nicks鈥俻rofessional鈥俠asketball鈥倀eam.

23.4 22.5 11.5 7.1 6.0 4.1 3.3 2.8 2.6 1.7 1.6 1.3 0.9 0.9 0.6

NY Knicks Salaries

a. Find Q1 , Q2 , and Q3 .

b. Construct a boxplot.

c. Based on the accompanying normal quantile plot of the salaries, what do you conclude about the sample of salaries?

Short Answer

Expert verified

a. The quantile values are:

\(\begin{aligned}{l}{Q_1} = \$ 1.30\;{\rm{million}}\\{Q_2} = \$ 2.80\;{\rm{million}}\\{Q_3} = \$ 7.10\;{\rm{million}}\end{aligned}\)

b. The box plot is shown below:

Step by step solution

01

Given information

Salaries (millions of dollars) of basketball team is,

23.4, 22.5, 11.5, 7.1, 6.0, 4.1, 3.3, 2.8, 2.6, 1.7, 1.6, 1.3, 0.9, 0.9, 0.6

02

Sort the data

a. Sort the given data in ascending order

0.6, 0.9, 0.9, 1.3, 1.6, 1.7, 2.6, 2.8, 3.3, 4.1, 6, 7.1, 11.5, 22.5, 23.4

Total counts of values are 15(n).

03

Obtain the first quartile

The first quantile is given by,

\(\)\(\begin{aligned}{c}{Q_1} = {\left( {\frac{{n + 1}}{4}} \right)^{th\;}}\;term\\ = {\left( {\frac{{15 + 1}}{4}} \right)^{th}}\;term\\ = {4^{th}}\;term\\ = 1.30\end{aligned}\)

The value of \({Q_1} = 1.30\)millions of dollars.

04

Compute the second quartile

The second quantile is given by,

\(\begin{aligned}{c}{Q_2} = {\left( {\frac{{n + 1}}{2}} \right)^{th\;}}\;term\\ = {\left( {\frac{{15 + 1}}{2}} \right)^{th}}\;term\\ = {8^{th}}\;term\\ = 2.80\end{aligned}\)

The value of \({Q_2} = 2.80\)millions of dollars.

05

Compute the third quartile

The third quantile is given by,

\(\begin{aligned}{c}{Q_3} = {\left( {\frac{{3\left( {n + 1} \right)}}{4}} \right)^{th\;}}\;term\\ = {\left( {\frac{{3\left( {15 + 1} \right)}}{4}} \right)^{th}}\;term\\ = {12^{th}}\;term\\ = 7.10\end{aligned}\)

The value of \({Q_3} = 7.10\)millions of dollars.

06

Sketch the box plot

b.

Summary statistics require drawing a box plot.

\(\begin{aligned}{l}Minimum\,value = 0.6\\Maximum\,value = 23.4\end{aligned}\)

\(\begin{aligned}{l}{Q_1} = 1.30\\{Q_2} = 2.80\\{Q_3} = 7.10\end{aligned}\)

Construct the box plot following the given steps:

  1. Draw a line with real numbers and mark vertical lines on five values 0.6, 1.3, 2.8, 7.1 and 23.4.
  2. Draw a box extending from 1.3 to 7.1, enclosing 2.8.
  3. The box plot is shown below:

07

 Step 7: Analyze the normal quartile plot

c) Normality plot describes the normality distribution of the population. The observations in blue are not aligned in a linear pattern. The salaries do not show normality. Hence, the population of these samples does not follow a normal distribution.

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