Give a meaningful conclusion that summarizes your findings regarding both the residents and real-estate investors and make your own recommendation to the city government officials about apartment prices within 41-kilometers of the Central Business District of Melbourne.

MY FINDINGS

Sample size: 300
Median: 577500
Minimum: 247500
Maximum: 2205000
First quartile: 445000
Third quartile: 725750
Interquartile Range: 280750

Report to City Government Officials Submitted on behalf of Real Estate Investors

To Whom It May Concern: It has come to our attention that the residents of the city of Melbourne and its surrounding suburbs have submitted a report to the city government, suggesting that Melbourne lacks affordable housing options for its residents. After reviewing the data that the residents of the city presented to you, and after collecting our own sample of apartment prices within 41 kilometers of the Central Business District, we counter that their data and methods are skewed. Please see our findings below. In fact, Melbourne has a plethora of apartments that are more than affordable for residents, and as such, there is no "urgent" housing crisis in Melbourne. We would recommend that the city government focus their efforts on other matters of concern, such as traffic, single-use plastics, and job growth. Sample Size 300 Sample Mean Apartment Price $453,993.94 Minimum Apartment Price $85,000 Quartile 1 $320,625 Median Apartment Price $465,000 Quartile 3 $491,500 Maximum Apartment Price $3,625,000 IQR (Apartment Price) $170,875 Sample Standard Deviation $273,243.16