Demand for consumer goods is necessarily variable. Forecasting the demand for co

Question

Demand for consumer goods is necessarily variable. Forecasting the demand for consumer goods is an important business activity, as all businesses have to plan ahead. Manufacturer of consumer goods has been studying the demand for one of their products and the level of demand is given in the following stem and leaf plot, where stem unit is 100 and leaf unit is 10. Stem Leaf 1 1, 2, 3, 4.5, 5, 6, 7,7, 9, 9.5 2 0.0, 0, 0, 0, 0, 0, 0, 1. 1,2,4,5,7 3 0, 0, 0, 2, 8 8 10 The upper quartile is O A. 110 B. 295 0C115 D. 180 E. 200 Moving to the next question prevents changes to this answer Question 23 of 60S

Explanation / Answer

Solution:- B) Upper quartile is 295.

Minimum: 110
Quartile Q1: 180
Median: 200
Quartile Q3: 295
Maximum: 1200

110 120 130 145 150 160 170 170 190 195 200 200 200 200 200 200 200 200 210 210 220 240 250 270 290 300 300 300 320 380 500 800 1200

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