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