The local regional development agency is conducting a major review of the economic development of a local community. One economic measure to be collected is the local house prices that reflect on the economic well-being of this community. The development agency have collected the following house price data (£) as presented in Table 2.22.

(a) Calculate a five-number summary 

(b) Do we have any evidence for a symmetric distribution?

(c) Use the Excel Analysis-ToolPak to calculate descriptive statistics.

(d) Which measures would you use to provide a measure of average and spread?

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162726 188656 165547 175806 190670 145810 169682 155044 149304 197847 Table 2.22 Local house price values (£, n = 50) 162726 188656 165547 175806 190670 162726 188656 165547 175806 190670 145810 169682 155044 149304 197847 145810 169682 155044 149304 197847 162726 188656 165547 175806 190670 145810 169682 155044 149304 197847 162726 188656 165547 175806 190670 145810 169682 155044 149304 197847