Reference no: EM132848815

Monthly rent ( in dollars)Area B- 1265, 1074, 917, 1213, 949, 839, 896, 918, 1056, 1218, 844, 791,

Area A - 1435, 1249, 1097, 970, 1171, 1122, 1259, 1022, 1002, 1187, 968, 1097

Area C- 1221, 931, 893, 1317, 1034, 1061, 851, 861, 911, 1148, 799, 872

Area D- 1044, 1234, 970, 827, 898, 914, 1387, 1166, 1123, 1029, 1131, 1047

1. How would you do it?

(a) How would you investigate the complaints from renters who are unhappy about about their monthly rents?

(b) Which statistical measure do you think would best represent the data sets for the four areas of the city?

(c) Calculate the measure from part (b) for each of the four ares.

2. Displaying the Data

(a) What type of graph would you choose to display the data? Explain your reasoning.

(b) Construct the graph from part (a).

(c) Based on your data displays, does it appear that the monthly rents in Area A are higher than the rents in other areas of the city? Explain.

3. Measuring the Data

(a) What other statistical measures in this chapter could you use to analyze the monthly rent data?

(b) Calculate the measures from part (a).

(c) Compare the measures from part (b) with the graph you constructed in Exercise 2. Do the measurements support your conclusion in Exercise 2? Explain.

4. Discussing the Data

(a) Do you think the complaints in Area A are legitimate? How do you think they should be addressed?

(b) What reasons might you give as to why the rents vary among different areas of the city?