Question: IFUL = Q 3 + 1.5*IQR = 1563 +1.5*1108 = 3225 ($000) IFIL = Q 1 - 1.5*IQR = 455 - 1.5*1108 = -1207 ($000)

  1. IFUL = Q3+ 1.5*IQR = 1563 +1.5*1108 = 3225 ($000)

IFIL = Q1- 1.5*IQR = 455 - 1.5*1108 = -1207 ($000)

Sold Price ($000)
Mean 1930.12
Standard Error 558.82
Median 945
Mode 340
Standard Deviation 3831.05
Sample Variance 14676912
Kurtosis 32.43
Skewness 5.37
Range 25365
Minimum 135
Maximum 25500
Sum 90715.45
Count 47

Based on the limits calculated in (b), choose from the numerical summary measures provided in the Descriptive Statistics table, and/or measures calculated previously in Task 3; (i) an appropriate measure of central tendency, and, (1 mark) (ii) an appropriate measure of dispersion for your sample "Sold Price" data. (1 mark) Provide a brief explanation of the reasoning behind your choice in both cases. (1 mark)

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