Quarter1_Assignment1

Use the data Volume of Philip Morris Stock: #22 pg. 81.

The descriptive statistics provided by Minitab are as follows:

Variable             N       Mean     Median     TrMean   StDev    SE Mean
Daily St            35     11.191     10.140     10.664      5.779      0.977

Variable       Minimum Maximum  Q1         Q3
Daily St         3.980     27.540      7.240     13.840

1. Show how to find and or compute each statistic (show work and use the appropriate notation). Be sure to round to the thouasands at each step.
2. Test for Outliers (Show all work)
3. Interpret the sample mean, sample standard deviation, and sample standard error in the context of this data.
4. What type of data is provided in the data set Volume of Philip Morris Stock (qualitative, quantitative - discrete, or quantitative-continuous)? Explain.