Question: The following are the prices in thousands of dollars of

The following are the prices (in thousands of dollars) of 10 houses sold recently in a city:
Calculate the 10% trimmed mean for this data set. Do you think the 10% trimmed mean is a better summary measure than the (simple) mean (i.e., the mean of all 10 values) for these data? Briefly explain why or why not.

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  • CreatedAugust 25, 2015
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