Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

* 4 ) The following is a collection of 5 0 apartment rent prices in a Rochester, New York neighborhood in dollars from the lowest

*4) The following is a collection of 50 apartment rent prices in a Rochester, New York neighborhood in dollars from the lowest price of $1100 a month to the highest price of $4000 a month:
\table[[1100,1100,1100,1100,1200,1200,1300,1300,1400,1500],[1500,1600,1800,1800,1800,1900,1900,1900,1900,1900],[2000,2000,2000,2000,2000,2100,2100,2100,2200,2200],[2200,2300,2300,2400,2400,2400,2500,2600,2900,2900],[2900,2900,3100,3100,3100,3100,3100,3100,3200,4000]]
a) Find the range and mode of this collection of data. If the data is multimodal, list them all.
b) Find the upper and lower fences for this data. Are any of these prices outliers? If so, state which ones.
c) The mean and standard deviation of the Rochester neighborhood rent prices are $1852 and $321.61 respectively. Meanwhile, the mean and standard deviation of rent of a Binghamton neighborhood are $2088 $172.07 respectively. Is a $2400 a month apartment for rent more relatively expensive in Rochester, or in Binghamton? Explain your answer
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting An Introduction To Concepts Methods And Uses

Authors: Clyde P. Stickney, Roman L. Weil

10th Edition

0324183518, 978-0324183511

More Books

Students also viewed these Accounting questions

Question

How could any of these verbal elements be made stronger?

Answered: 1 week ago

Question

Does your message use pretentious or exaggerated language?

Answered: 1 week ago