The monthly rents for 7 one-bedroom apartments located in one area of the city, are 625 740
Question:
The monthly rents for 7 one-bedroom apartments located in one area of the city, are 625 740 805 670 705 740 870
(a) Give two possible factors that may contribute to variation in the monthly rents.
Calculate
(b) The sample variance.
(c) The sample standard deviation.
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