1. What is the sample median home price?2. What are the first quartile and the third quartile for the sample data?3. Compute the lower and upper limits of a boxplot for the sample home price4. Based on the lower and upper limits of the box plot in part 3 do the dates contain any outliers? List out the outliers in the sample days and explain your answer. Essay Question:5. The National Association of Realtors reported themedian home price in the United States and the increasein median home price over a five-year period (The WallStreet Journal, January 16, 2016). Use the sample homeprices shown here to answer the following questions. Theprices are in thousands of dollars.49645187114246213298842122337

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MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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1. What is the sample median home price? 2. What are the first quartile and the third quartile for the sample data? 3. Compute the lower and upper limits of a boxplot for the sample home price 4. Based on the lower and upper limits of the box plot in part 3 do the dates contain any outliers? List out the outliers in the sample days and explain your answer.

Definition Definition Middle value of a data set. The median divides a data set into two halves, and it also called the 50th percentile. The median is much less affected by outliers and skewed data than the mean. If the number of elements in a dataset is odd, then the middlemost element of the data arranged in ascending or descending order is the median. If the number of elements in the dataset is even, the average of the two central elements of the arranged data is the median of the set. For example, if a dataset has five items—12, 13, 21, 27, 31—the median is the third item in ascending order, or 21. If a dataset has six items—12, 13, 21, 27, 31, 33—the median is the average of the third (21) and fourth (27) items. It is calculated as follows: (21 + 27) / 2 = 24.

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