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

You want to investigate the rental fees. You gather the data shown in the table at the right. 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 the Area A and three other areas of similar size. Assume AA the apartments represented are approximately the same size with the same amenities.

1. How would you do it?

(a) How would you investigate the complaints from renters are unhappy about their monthly rent?

(b) Which statistical measure do you think would best represent the data sets for the four areas of the city?

(c) Calculate the measure from part (b) for each of the four Areas.

2. Displaying the data

(a) What type of graph would you choose to display the data?

(b) Construct the graph from part (a).

(c) Based on your data displays, does it appear that the monthly rents in Area A are higher than the rents in the other areas of the city? Explain

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) Compare the measures from part (b) with the graph you constructed in Exercise 2. Do the measurements support your conclusion in Exercise 2? Explain.

4. Discussing the Data

(a) Do you think the complaints in Area A are legitimate? How do you think they should be addressed?

(b) What reasons might you give as to why the rents vary among different areas of the city?

The monthly rents (in dollars) paid by 12 randomly selected apartment tenants in 4 area of your city

Transcribed Image Text:

AREA A 1275 1110 975 862 1040 997 1119 908 890 1055 860 975 AREA B 1124 954 815 1078 843 745 796 816 938 1082 750 703 AREA C 1085 827 793 1170 919 943 756 765 809 1020 710 775 AREA C 928 1096 862 735 798 812 1232 1036 998 914 1005 930 AREA A 1275 1110 975 862 1040 997 1119 908 890 1055 860 975 AREA B 1124 954 815 1078 843 745 796 816 938 1082 750 703 AREA C 1085 827 793 1170 919 943 756 765 809 1020 710 775 AREA C 928 1096 862 735 798 812 1232 1036 998 914 1005 930

Answer rating: 100% (QA)

a I would go on to collect data using the random sampling criterion for Area A and the surrounding areas and then compare the rental fee or price I will also consider the population density of the are... View the full answer