Draw boxplots (by hand is the easiest) of the data for each yearFor the particular Year 2 that you chose, what is the maximum growth rate a country could have and still have a lower growth rate than 75% of the other countries in the world? Explain.Out of the years you chose, in which year did the smallest growth rate in GDP occur? What is the value and how did you determine it?Based on your summary statistics, did “Year 1” have higher GDP growth rates than the other two years? Give reasons for your answer. Make sure to not just compare max and min values, but rather use all the values of the 5-number summary and/or a boxplot. You might also argue based on the shape of the distribution and discuss the impact of outliers in your analysis.Which of the years you chose has the largest variability? Explain Summary StatisticsYear 1Year 2Year 3Year Chosen182119712002Min-2.20-11.3-21.2Q10.722.621.04Median1.074.633.114.69Q3Мах1.616.9019.2025.9027.10Меan1.385.073.10Standard Deviation1.694.825.29

Draw boxplots (by hand is the easiest) of the data for each year For the particular Year 2 that you…

Answered: Draw boxplots (by hand is the easiest)…

1st Edition

ISBN:9781680331141

Author:HOUGHTON MIFFLIN HARCOURT

Publisher:HOUGHTON MIFFLIN HARCOURT

Chapter11: Data Analysis And Displays

Section: Chapter Questions

Problem 6CR

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Question

Draw boxplots (by hand is the easiest) of the data for each year
For the particular Year 2 that you chose, what is the maximum growth rate a country could have and still have a lower growth rate than 75% of the other countries in the world? Explain.
Out of the years you chose, in which year did the smallest growth rate in GDP occur? What is the value and how did you determine it?
Based on your summary statistics, did “Year 1” have higher GDP growth rates than the other two years? Give reasons for your answer. Make sure to not just compare max and min values, but rather use all the values of the 5-number summary and/or a boxplot. You might also argue based on the shape of the distribution and discuss the impact of outliers in your analysis.
Which of the years you chose has the largest variability? Explain