Shen borrowed $8000 at a rate of 17%, compounded quarterly. Assuming he makes no payments, how much will he owe after 6 years?

part a: list two pieces of information that are provided by the graph and one piece of information that is not provided by the graph. (4 points)

two pieces of information that are provided by the graph:

the lower quartile (q1) = 37.5

the upper quartile (q3) = 60

one piece of information that is not provided by the graph:

the median is the middle value of the data set = 50

part b: calculate the interquartile range of the data, and explain in a sentence or two what it represents. (4 points)

interquartile range of the data = q3 - q1 = 60 -37.5 = 22.5

interquartile range is the distance between the first quartile and the third quartile. it is the amount of spread in the middle 50 percent of a data-set

part c: explain what affect, if any, there will be if an outlier is present. (2 points)

in this case, 95 is far away from q3 (60) so 95 is an outlier. it will effect the mean and median of the data.

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