In an effort to track housing prices, the National Association of Realtors developed the Pending Home Sales

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In an effort to track housing prices, the National Association of Realtors developed the Pending Home Sales Index (PHSI), a leading indicator for the housing market. An index of 100 is equal to the average level of contract activity during 2001, the first year to be analyzed. The file titled Pending contains the PHSI from December 2014 to December 2015 (source: https://ycharts.com/indicators/pending _home_sales_index).

a. Determine the mean and median for the PHSI from December 2014 through December 2015. Specify the shape of the PHSI’s distribution.

b. Calculate the first and third quartiles for the PHSI for the months December 2014 through December 2015.

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