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Round monetary amounts to the nearest dollar. The table below gives the sale ...

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Round monetary amounts to the nearest dollar. The table below gives the sale ...

Solve the problem. Round monetary amounts to the nearest dollar.

The table below gives the sale price of seven homes sold in the same neighborhood over a six month period.

a. Find the mean price and median price for these homes.
b. Which home is an outlier on the high end? If you eliminate this home, what are the new mean and median prices for these homes?
c. Which home is an outlier on the low end? If you eliminate this home, what are the new mean and median prices for these homes?
d. If you eliminate both outliers, what are the new mean and median prices for these homes?

Textbook

Statistical Reasoning for Everyday Life

Edition: 5^th

Authors: Bennett, Briggs, Triola

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