Measures of Central Tendency and Dispersion in Frequency Distributions

Warlington Appliances has developed a new combination blender-crock-pot. In a marketing demonstration, a price survey determined that most of those sampled would be willing to pay around $60, with a surprisingly small interquartile range of $14.00. In an attempt to replicate the results, the demonstration and accompanying survey were repeated. The marketing department hoped to find an even smaller interquartile range. The data follow. Was its hope realized?

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726938375552503141604541
553851494643645260616849
696635345249472838574238

Solution

First we rearrange the data in increasing order
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