Maths-
General
Easy
Question
The given box plot summarizes the data for the annual cost of automobile insurance for automobile owners in a certain US city. Which of the following could be the median annual cost of automobile insurance for the automobile owners in the city?
- $ 1,625
- $ 2,000
- $ 2,100
- $ 2,750
The correct answer is: $ 1,625
A boxplot is a representation of data values, mainly focusing on the key measures of central tendency based on position. It helps to locate the minimum value, first quartile (Q1), median, third quartile (Q3), and maximum value. In the given question, we have the data of Annual cost of Insurance for automobile owners in a city in the US. We have to find the median Annual cost.
Step-by-step solution:-
Median is the value at the middlemost point in the given data It is represented in a box plot with a clear demarkation within the box. In the given diagram, point M represents the Median value which is close to 2,000.
Hence, from the given options, the value closest to 2,000 is Option A i.e. 1,625
Final Answer:-
Option A i.e. $ 1625 is the correct Option.
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