You are a member of your local apartment association. The association represents

Question

You are a member of your local apartment association. The association represents rental housing owners and managers who operate residential rental property throughout the greater metropolitcan area. Recently, the association has received several complaints from tenants in a particular area of the city who feel that their monthly rental fees are much higher compared to other parts of the city.

You want to investigate the rental fees. You gather the date shown in the table with the Area A, B, C, D. Area A represents the area of the city where tenants are unhappy about their monthly rents. The data represent the monthly rents paid by a random sample of tenants in Area A and three others area of similiar size. Assume all the apartments represented are approximately the same size with the same amenities.

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). Compara the measures from part (b) with the graph you constructed in exercise 2? Explain.

Explanation / Answer

Here, the data represents the monthly rents paid by a random sample of tenants in Area A, B, C, and D.

The statistical measure to compute analyze the monthly rent data are Arithmatic Mean, Median

.

Statistical Measure Arithmatic Mean 1005.5 887.8333 881 945.5 Median 986 834.5 818 929

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