Say, you are a stockbroker, and a new client has approached you asking you about share prices. You take a random sample of share prices ($) and use EXCEL to create the following statistics:

Answer the following, in the context of this question.

a)State the "Who" and "What" of the analysis you are doing for the new client.

b)State the best measure of central tendency for your sample of data. Explain your reasoning and interpret your measurement to your new client.

c) State the best measure of spread for your sample of data. Explain your reasoning and interpret your measurement, for your new client

d)Find the relative cumulative frequency for the third class. Show your workings. Interpret your answer for your new client.

e)Describe a sampling method that you could have used to collect this data.

Class Frequency Share price (0, 15] 12 Mean 25.60 Histogram of share prices (15, 30] 15 Median 28.48 40 (30, 45] 31 Mode 35.95 (45, 60] 36 Standard Deviation 16.48 Frequency 0 6 8 8 (60, 75] 6 Sample Variance 271.55 Range 62.33 Five number summary Minimum 0.27 (0, 15] (15, (30, (45, (60, Min 0.27 Maximum 62.60 30] 45] 60] 75] Q1 29.43 Sum 2559.86 Class Q2 35.95 Count 100 Q3 48.18 Max 62.60