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Use the data for two Sydney suburbs to answer questions 1-5:             1     Using Excel or other...

Use the data for two Sydney suburbs to answer questions 1-5:            

1     Using Excel or other appropriate software, produce two separate histograms for the median rental prices of the two selected suburbs, respectively.    

       Use an appropriate number of bins for your histogram and remember to label the axes. Describe and compare the two histograms, including the central location, dispersion and skewness. [1 mark]     

            

2     Compute the sample means and sample standard deviations of the median rental prices of the two selected suburbs, respectively. No need to show computational steps. [1 mark]   

Artarmon

 Chatswood
570 730
660 680
660 920
595 1100
500 880
610 840
600 750
600 540
600 490
590 630
690 600
625 600
610 1200
600 900
595 800
550 730
680 700
500 675
580 660
650 580
530 820
550 700
490 680
665 610
680 1200
580 900
680 880
670 870
585 850
660 800
500 800
595 790
490 780
530 780
565 750
570 750
580 750
595 720
600 720
600 700
610 680
625 660
660 650
680 650
690 650
580 610
585 600
650 595
665 580
590 580

Solutions

Expert Solution

Draw histogram in the first (1):

(2):

The calculation shown in the following table:

milcah answered 10 months ago
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