#4) The following is a collection of 50 apartment rent prices in a Rochester, New York neighborhood in dollarsfrom the lowest price of $1100 a month to the highest price of $4000 a month:110011001100110012001200130015002000220029001600200023002900180020002300310018002000240031001800200024003100190021002400310019002100250031001300190021002600310014001900220029003200a) Find the range and mode of this collection of data. If the data is multimodal, list them all.15001900220029004000b) Find the upper and lower fences for this data. Are any of these prices outliers? If so, state which ones.c) The mean and standard deviation of the Rochester neighborhood rent prices are $1852 and $321.61respectively. Meanwhile, the mean and standard deviation of rent of a Binghamton neighborhood are $2088$172.07 respectively. Is a $2400 a month apartment for rent more relatively expensive in Rochester, or inBinghamton? Explain your answer

The objective of the question is to analyze the given data set of apartment rent prices in…

Answered: #4) The following is a collection of 50…

Financial Management: Theory & Practice

16th Edition

ISBN:9781337909730

Author:Brigham

Publisher:Brigham

Chapter25: Portfolio Theory And Asset Pricing Models

Section: Chapter Questions

Problem 7SP

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