Is the mean or median a better measure of center for this data set? Why?
Transcribed Image Text: 160000
E
1 Bedrooms Baths Quadrani Nvice
2 NW
1 NW
15 NW
2 SW
2 NW
2 NW
G
H.
M.
P
Aze
T.
31
14500
124
price
18000
25000
25000
17000
3.
68000
370
Mean
4.
5.
31
115000
69000
126698
Standare 5635.677472
1130
3
1120
1710
Median
123750
137000
Standare 56356.77472
6.
163000
14000
Mode
House Price vs Size
69900
50000
137000
121300
70000
64500
167000
114600
103000
1010
21
8000
15300
2 NW
860
1420
1270
1160
1220
1690
1380
1590
1050
IN
Sample
Kurtosis
4500
3176086057
1.920045563
1.105643097
3.
2 NW
2 NW
2 NW
2 NE
18000
10
3.
3.
16000
8000
4000
Skewnes
Range
Minimum
Maximun
11
317000
21000
338000
12669800
y=0.0075x +572.84
R2 = 0.5795
12
12000
3500
13
2 NW
2 NW
2 NW
30000
14
15500
Sum
3000
15
16800
Count
100
1 NW
1 NW
2 NE
1 SE
2 NW
2 NW
1 NW
2.5 NE
16
3
2500
101000
50000
85000
22500
90000
133000
90500
260000
16000
IB000
22100
17
770
1410
1060
1300
1500
2000
18
3
12000
3500
17500
30000
820 25700
25000
22000
19000
20000
17500
20000
38000
14000
12000
19
1500
20
2.
21
1000
22
21
3
2130
1170
1500
2790
1030
1250
1760
23
500
1 NE
2 NW
2 NW
1 NW
2 NW
2 NW
142500
160000
240000
87000
118600
140000
148000
65000
24
2
25
3
200000
House Price $
26
4
100000
150000
300000
350000
400000
27
28
29
3
1550
1450
2000
1350
1840
2510
3110
1760
30
2
3 NW
3
15 NE
2 NW
31
18000
14000
176000
86500
180000
179000
338000
130000
77300
32
14
1 NE
2 NW
2. NW
33
3
28000
25000
34
3.
35
4
38000
30000
36
3.
3 NW
.
4
2 NW
1,5 NW
1 NW
2 NW
1 SW
1 NW
2 NW
2 NW
2 NW
37
14500
10000
1120
1110
1360 25000
1250
1250
1480
1520
2020
38
3.
125000
100000
39
2.
40
25000
100000
100000
146500
144900
183000
41
25000
42
3
18000
43
20100
26000
44
45
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Transcribed Image Text: 2780 30000
D.
G
H.
K.
M.
3
144900
20100
2020 26000
43
1710
2 NW
1
1
44
1520
183000
1530
1580
45
44
3
2 NW
77000
1
60000
1
127000
3
1.5 NE
1220
12000
17500
340 22000
46
45
1510
1450
47
46
2 NW
1640
47
2 NW
48
970
1580
12000
3
2 NE
3
2.5 NE
2.5 NW
49
86000
95000
12000
41000
12000
13000
21600
12500
18000
50
49
1250
1270
51
50
4020
4
1
270500
2440
51
700
820
2050
710
1280
1800
4
1.5 NE
75000
81000
188000 2300
of
52
1520
52
53
54
55
56
1 NW
2 SW
2 NE
2 NW
53
1
380
54
55
85000
1430
56
3
1
137000
1380
57
3
1.5 NW
1
92900
1010
18000
1.5 NW
93000
1780
1120
53
57
20
3
4000
15500
25000
2430 30000
800
2 NW
2 NW
3 NW
2 NW
1 NW
3 NW
3 NE
1
131500
200000
81900
59
58
3
103300
60
59
1220
1900
61
60 3360
62
61
210
3
1080
8000
63
62
380
2
91200
1350
13000
1720
12000
124500
225000
64
63
1920
4
35000
4050
1500
2530 36000
65
64
4350
3
66
65
1510
2 NW
136500
18000
268000
66
67
67
4290
4.
2.5 NW
68
1160
1.5 NE
70700
1020
9000
70000
140000
2070
10800
18500
68
4
2.5 NE
970
1400
69
1520
1280
1620
2 NW
2 NW
2 NW
2 SW
2 NW
2 NW
2 NW
70
69
6000
18000
12000
71
70
790
2
89900
72
71
1210
137000
103000
183000
73
72
1550
1520
2030
1390
23000
20100
1880 22000
30000
74
73
2800
3
140000
1
160000
75
74
2560
1
1390
2820
2850
76
75
4
2.5 NW
192000
2780
1
120000
130000
77
76
4
1 NW
2 Nw
1 NW
1340
27000
940 22000
78
77
2
1
78
2
123000
2230
20
1510
79
580
1410
9000
1
of
80
73
21000
2 NE
12000
85000
69900
125000
$1
80
4
4500
1150
1380
1470
$2
81
710
3.
2 SW
0.
2 NW
2 NW
2 NW
1
162600
156900
18000
20100
22000
多3
82
1540
84
83
1780
1590
1200
1920 22000
2150 29000
118300 2200 30000
860
1230
1140
2 Nw
2 NW
1
105300
$5
84
2920
15500
2 NW
2 SW
2 NW
3 NW
2 NW
1 NE
2 NW
3 Nw
1 NW
2 NW
2 NW
2 NW
2 $W
2 NW
2 NE
1
1710
1880
1680
85
0.
167500
86
87
88
3
3
151800
38
3690
900
89
89
30
94300
93900
165000
15500
12000
90
as
91
560
2040
4.
18200
91
92
93
92
285000 2650 36000
1060
1770
1860
1060
1730
93
4390
4
8000
16000
35000
27500
45000
124900
94
690
95
34
2100
147000
176000
196500
132200
2880
990
96
95
4.
97
96
2.
47400
97
98
99
100
3030
1580
1770
1430
96
88400
12720
1370
1560
134
18000
12000
100
2 NW
18000
101
102
2. FL House Prices -Descriptive
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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.
Expert Solution
Given information:
Mean = 126698 Median = 123750 Mode = 137000 Skewness = 1 . 105643097 Range = 317000 Sum = 12669800 Count = 100
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