A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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Question

can you help me with  a and b 

**Monthly Purchase Quantity of Two Brands**

| Brand A | Brand B |
|---------|---------|
| 1200    | 300     |
| 1000    | 4000    |
| 900     | 100     |
| 800     | 100     |
| 700     | 100     |
| 3500    | 100     |
| 2000    | 100     |
| 300     | 100     |
| 700     | 100     |

The data above shows the monthly purchase quantity of two different brand items in a store.

**Questions:**

a. Is there any outlier month for Brand A? For Brand B?

b. How to compare the sale of Brand A products with Brand B products?

---

**Analysis Guidelines:**

1. **Identifying Outliers:**
   - For Brand A, observe the quantity spike to 3500, which might indicate an outlier compared to the other months.
   - For Brand B, the month with 4000 stands out as an outlier given the significantly lower quantities in other months.

2. **Comparison of Sales:**
   - To compare sales, consider summarizing the data using statistical measures such as mean, median, or mode.
   - Visual aids such as bar charts or line graphs could be helpful to represent the fluctuating quantities visually.
   - Additionally, a comparison of standard deviations might provide insights into the variability and consistency of sales for each brand.
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Transcribed Image Text:**Monthly Purchase Quantity of Two Brands** | Brand A | Brand B | |---------|---------| | 1200 | 300 | | 1000 | 4000 | | 900 | 100 | | 800 | 100 | | 700 | 100 | | 3500 | 100 | | 2000 | 100 | | 300 | 100 | | 700 | 100 | The data above shows the monthly purchase quantity of two different brand items in a store. **Questions:** a. Is there any outlier month for Brand A? For Brand B? b. How to compare the sale of Brand A products with Brand B products? --- **Analysis Guidelines:** 1. **Identifying Outliers:** - For Brand A, observe the quantity spike to 3500, which might indicate an outlier compared to the other months. - For Brand B, the month with 4000 stands out as an outlier given the significantly lower quantities in other months. 2. **Comparison of Sales:** - To compare sales, consider summarizing the data using statistical measures such as mean, median, or mode. - Visual aids such as bar charts or line graphs could be helpful to represent the fluctuating quantities visually. - Additionally, a comparison of standard deviations might provide insights into the variability and consistency of sales for each brand.
Expert Solution
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Step 1

There are two sets of data Brand-A and Brand-B.