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Use the sample house prices (in $1,000s) shown in the table below to answer the following questions: 500 600 750 400 800 450 950 400

Use the sample house prices (in $1,000s) shown in the table below to answer the following questions:

500

600

750

400

800

450

950

400

250

800

2000

700

600

300

(a) What are the mean and median for this dataset?

(b) What are the variance and standard deviation?

(c) Provide a five-number summary for house prices.

(d) Why is the median house price preferred to mean house price?

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