1.4 MATH: Box and Whisker Plots for Banking Fees (Due 8-19-22)

Last updated about 1 year ago

5 questions

Note from the author:

People who have checking accounts can be charged fees such as management, minimum balance, overdraft, ATM, and others. They can end up having to pay these banking fees and in this activity, you will practice plotting sample banking fee charges and analyzing their interquartile ranges.

Math Topics
Box and Whisker Plots
Personal Finance Topics
Bank fees
Complete all questions and use complete sentences for full credit.

Instructions

People who have checking accounts can be charged fees such as management, minimum balance, overdraft, ATM, and others. They can end up having to pay these banking fees and in this activity, you will practice plotting sample banking fee charges and analyzing their interquartile ranges.

Math Topics
Box and Whisker Plots
Personal Finance Topics
Bank fees
Complete all questions and use complete sentences for full credit.

Required

1.4 MATH: Box and Whisker Plots for Banking Fees (Due 8-19-22)

Last updated about 1 year ago

5 questions

Note from the author:

People who have checking accounts can be charged fees such as management, minimum balance, overdraft, ATM, and others. They can end up having to pay these banking fees and in this activity, you will practice plotting sample banking fee charges and analyzing their interquartile ranges.

Math Topics
Box and Whisker Plots
Personal Finance Topics
Bank fees
Complete all questions and use complete sentences for full credit.

Instructions

People who have checking accounts can be charged fees such as management, minimum balance, overdraft, ATM, and others. They can end up having to pay these banking fees and in this activity, you will practice plotting sample banking fee charges and analyzing their interquartile ranges.

Math Topics
Box and Whisker Plots
Personal Finance Topics
Bank fees
Complete all questions and use complete sentences for full credit.

Part I: Examples

Part II: Practice Problems
Complete the following practice problems and show your work in the space provided. Then, write your final solution in the answer boxes.

Required

The following data set shows the monthly bank fees for members that are generation X while in their first-year college. (Round your answers to the nearest hundredth)

66; 66; 67; 67; 68; 68; 68; 68; 68; 69; 69; 69; 70; 71; 72; 72; 72; 73; 73; 74


Maximum=_______ 
Minimum=_______ 
Median=_______ 
Lower Quartile (Q1)=_______ 
Upper Quartile (Q3)=_______ 
Interquartile Range (Q3 - Q1)=_______ 

Construct a Box and Whisker Plot.

Required

Overdraft fees are charges you receive from your bank or credit union when you try to pay or withdraw more money that you have available in your checking account. The following data is the dollar amount that banks in 2019 were charging for overdraft fees. Construct a box and whisker plot and interpret the interquartile range. (Round your answers to the nearest hundredth)

20 25 25 28 29 30 30 33 34 34 35 35 35 35 35 35 35 36 36 36 36 36 36 37 38 38 39 39


Maximum=_______ 
Minimum=_______ 
Median=_______ 
Lower Quartile (Q1)=_______ 
Upper Quartile (Q3)=_______ 
Interquartile Range (Q3 - Q1)=_______ 

Construct a Box and Whisker Plot.


Interpret the interquartile range. (Remember that 50% of your data falls in this range)
_______ 

Required

The following data set shows the monthly bank fees for members that are generation X the first year after they graduated college. Construct a box plot from the data listed and analyze the Interquartile Range. (Round your answers to the nearest hundredth)

61; 61; 62; 62; 63; 63; 63; 65; 65; 65; 66; 66; 66; 67; 68; 68; 68; 69; 69; 69


Maximum=_______ 
Minimum=_______ 
Median=_______ 
Lower Quartile (Q1)=_______ 
Upper Quartile (Q3)=_______ 
Interquartile Range (Q3 - Q1)=_______ 

Construct a Box and Whisker Plot.


Interpret the interquartile range. (Remember that 50% of your data falls in this range)
_______ 

Part III: Reflection

Required

Refer to the box & whisker graphs below that show the average monthly fees for Cameron Credit Union and Johnson Bank and Savings. Complete the table using the box and whisker plots for Cameron Credit Union and Johnson Bank and Savings.


Cameron Credit Union



Median= _______ 
Minimum=_______ 
Maximum=_______ 
Lower quartile =_______ 
Upper quartile=_______ 
Interquartile range=_______ 


Johnson Bank and Savings


Median= _______ 
Minimum=_______ 
Maximum=_______ 
Lower quartile =_______ 
Upper quartile=_______ 
Interquartile range=_______ 

Required

1.4 MATH: Box and Whisker Plots for Banking Fees (Due 8-19-22)

1.4 MATH: Box and Whisker Plots for Banking Fees (Due 8-19-22)

Part III: Reflection

What are some ways that you think you can do to avoid banking fees?

Part III: Reflection

What are some ways that you think you can do to avoid banking fees?