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IFUL = Q 3 + 1.5*IQR = 1563 +1.5*1108 = 3225 ($000) IFIL = Q 1 - 1.5*IQR = 455 - 1.5*1108 = -1207 ($000)
IFIL = Q1- 1.5*IQR = 455 - 1.5*1108 = -1207 ($000) |
Sold Price ($000) | |
Mean | 1930.12 |
Standard Error | 558.82 |
Median | 945 |
Mode | 340 |
Standard Deviation | 3831.05 |
Sample Variance | 14676912 |
Kurtosis | 32.43 |
Skewness | 5.37 |
Range | 25365 |
Minimum | 135 |
Maximum | 25500 |
Sum | 90715.45 |
Count | 47 |
Based on the limits calculated in (b), choose from the numerical summary measures provided in the Descriptive Statistics table, and/or measures calculated previously in Task 3; (i) an appropriate measure of central tendency, and, (1 mark) (ii) an appropriate measure of dispersion for your sample "Sold Price" data. (1 mark) Provide a brief explanation of the reasoning behind your choice in both cases. (1 mark)
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