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Compute the requested descriptive statistics for the data set arising from the given scenario. Fair Market Rent is determined each fiscal year by the HUD

Compute the requested descriptive statistics for the data set arising from the given scenario.

Fair Market Rent is determined each fiscal year by the HUD (Housing and Urban Development) and is used to set payment standards for federal housing assistance programs in Washington. Fair Market Rent is the 40th-percentile of typical rentals in a given region. The data set below is the fair market rent prices for an one bedroom rental in all 39 counties in Washington state for the year 2019.

https://www.rentdata.org/states/washington/2019

671 742 701 599 642 1557 679 792 578 778 669 569 669
611 751 715 778 886 929 693 643 966 1234 570 735 637
778 1234 742 611 764 718 529 679 926 1557 938 811 642

  1. Determine the mean and mode
  2. Determine the standard deviation and variance
  3. State the five-number summary
  4. Determine the IQR and the lower and upper fences.
  5. Does the data set have outliers? Briefly explain.

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