Compute the requested descriptive statistics for the data set arising from the given scenario. Fair Market Rent
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Question:
Compute the requested descriptive statistics for the data set arising from the given scenario.
Fair Market Rent is determined each fiscal year by the HUD (Housing and Urban Development) and is used to set payment standards for federal housing assistance programs in Washington. Fair Market Rent is the 40th-percentile of typical rentals in a given region. The data set below is the fair market rent prices for an one bedroom rental in all 39 counties in Washington state for the year 2019.
https://www.rentdata.org/states/washington/2019
671 | 742 | 701 | 599 | 642 | 1557 | 679 | 792 | 578 | 778 | 669 | 569 | 669 |
611 | 751 | 715 | 778 | 886 | 929 | 693 | 643 | 966 | 1234 | 570 | 735 | 637 |
778 | 1234 | 742 | 611 | 764 | 718 | 529 | 679 | 926 | 1557 | 938 | 811 | 642 |
- Determine the mean and mode
- Determine the standard deviation and variance
- State the five-number summary
- Determine the IQR and the lower and upper fences.
- Does the data set have outliers? Briefly explain.
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