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Price order is, 9872, 12855, 18548, 23309, 25132, 27041, 28833, 39798, 46118, 49194, 52301, 58414, 60702, 91809, 1,000,000 Review the sixteen home prices and determine
- Price order is, 9872, 12855, 18548, 23309, 25132, 27041, 28833, 39798, 46118, 49194, 52301, 58414, 60702, 91809, 1,000,000
- Review the sixteen home prices and determine if there are any unusual data values (like outliers). explain how they impact the mean, median, mode, and range you calculated.
- Explain which statistic (mean, median, or mode) do you think is the best measure of center for the price of a house? Justify your answer.
- Describe the value of understanding mean, median and mode when making other large purchases such as land, cars, etc. Explain how this information will make you a better negotiator.
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