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Question

Recently, due to low interest rates, many homowners refinanced theirhome mortgages. Linda Lahey is a mortgage officer at Down River Federal Savings and Loan. Below is the amount refinanced for 20 loans she processed last week. The data are reported in thousands of dollars and arranged from smallest to largest.Find the median, first quartile, and third quartile?

$\begin{array}{|rrrrrrrrr|} \hline 59.2 & 59.5 & 61.6 & 65.5 & 66.6 & 72.9 & 74.8 & 77.3 & 79.2 \\ 83.7 & 85.6 & 85.8 & 86.6 & 87.0 & 87.1 & 90.2 & 93.3 & 98.6 \\ 100.2 & 100.7 & & & & & & & \\ \hline \end{array}$

Solution

VerifiedAnswered 1 year ago

Answered 1 year ago

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1 of 10In this problem, we are required to determine the median and the first and third quartiles of the loans Linda processed.

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