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Use the sample of house prices (in $1,000s) shown in the table below to answer the following questions: 400 600 550 400 800 350 950
Use the sample of house prices (in $1,000s) shown in the table below to answer the following questions:
400 | 600 | 550 | 400 | 800 | 350 | 950 |
500 | 250 | 800 | 2200 | 700 | 600 | 300 |
(a) What are the mean and median for this dataset? (1 mark)
(b) What is the standard deviation and range? (1 mark)
(c) Would you report the mean or the median house price for this data set? Why? (2 marks)
(d) Fill in the blank
A "---------------" is a single value that describes the central position within a set of data. (1 mark)
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