Situation #5: A company gives a housing allowance to transferred employees. The housing allowance is 75% of the average local housing price. A survey of
Situation #5: A company gives a housing allowance to transferred employees. The housing allowance is 75% of the "average local housing price." A survey of real estate agencies produced the following home prices ($) in selected neighborhoods of the area. What measure of central tendency should be used to determine the "average housing price" and a fair housing allowance? 625,000 590,000 460,000 790,000 425,000 1,050,000 495,000 495,000 740,000 405,000 860,000 580,000 575,000 495,000 550,000Act #3: What's the Average? Perform a complete data analysis of the following situations by finding: a) Mean, median, mode and midrange. b Range, standard deviation, variance, first and third quartiles. C) Construct a graph for the data. d) Which measure of center best describes the data set? Find the normal limits. Are there any outliers in the data set
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance