Question

The amount of money that college students spend on rent each month is usually between $300 and $600 however there are a few students who spend $1,300 what measure of spread would be most appropriate to measure the amount of money that college students spend on rent per month

Answer 1

is Interquartile range. i got this because i just had this test question and got this one right.

Answer 2

This data is extremely skewed because most of the data lies between $300 and $600 but there are large outliers of around $1300. In order to reflect accurately what most students spend, we need a resistant measure of centre because the data is so skewed.

Therefore, we select median as the best measure of the amount of money college students spend on rent per month.