Question

Answer the questions below.(a) Here are the prices in thousands) for 9 houses for sale in a local neighborhood:$163, $285, $286, $ 287, $ 292, $304, $308, $310, $314.Which measure should be used to summarize the data?MeanMedianMode(b) A data set shows the age of each resident at Lakeview Retirement Home.Which measure gives the age shared by the most residents?MeanMedianMode(c) In a survey, 9 people gave the following ratings for a local politician (on a scale of 0 to 100);42, 44, 45, 46, 47, 49, 50, 53, 54.Which measure should be used to summarize the data?MeanMedianModeX

Answer 1

a.

In the first question we need to summarize a set of the prices of houses in a local neighborhood, the best metric to summarize this data is the Median, since the set is assymetrical.

b.

The metric that shows the age shared by most residents is the Mode.

c.

The metric that best represents the ratins is the Mean, as the set is symmetrical and there are not clear outliers.