CLEAR ANSWERS PLEASE :) Question 3 (20 Marks) Information about total net profit
ID: 3356860 • Letter: C
Question
CLEAR ANSWERS PLEASE :)
Question 3 (20 Marks) Information about total net profits earned by 100 wineries in the Hunter Valley during 2016 (in million dollars), is summarised in the following descriptive statist ics: Total Net Minimum 0.02 First Quartile 51.19 3.20 52.34 24.55 Standard Error Median Mode Standard Deviation Sample Variance Third Quartile Maximum 99.85 1024.92 1.32 0.11 99.83 0.02 99.85 5118.85 100 Minimum Count The Box-and-Whisker Plot 20 40 80 100 Total Net Profits Based on the outputs presented above, write a short report about the total net profits earned by wineries in the Hunter Valley during 2016 (maximum 200 words). (20 Marks)Explanation / Answer
Box plot shows that distribtuion of total net profits is symmetric. It is not skewed to right or left.
Mean and median are approximately same which also shows that distribution is approximately symmetric.
There is no apprent outlier to the distribution. Range of the total net profit is from 0 to 100. And spread of the distribution is 32.01 (shown by standard deviation).
The average total net profit is approximately 51.19.