The First City Real Estate Company lists and sells residential real estate property in and around Yuma, Arizona. At a recent company meeting, the managing partner asked the office administrator to provide a descriptive analysis of the asking prices of the homes the company currently has listed. This list includes 319 homes; the price data, along with other home characteristics, are included in the data file called First City Real Estate . These data constitute a population.
a. Compute the mean listing price.
b. Compute the median listing price.
c. Compute the range in listing prices.
d. Compute the standard deviation in listing prices.
e. Write a short report using the statistics computed in parts a–d to describe the prices of the homes currently listed by First City Real Estate.