A luxury apartment complex in South Beach Miami is for sale. The owner has received the following offers in millions of dollars. (See the Excel Data File.)
A) What is the mean offer price? What is the median offer price? Is the mean a good measure of central location?
B) What is the sample standard deviation of the offers?
C) What is equivalent to a 75^th percentile offer?

Question

A luxury apartment complex in South Beach Miami is for sale. The owner has received the following offers in millions of dollars.

(See the Excel Data File.)
A) What is the mean offer price? What is the median offer price? Is the mean a good measure of central location?
B) What is the sample standard deviation of the offers?
C) What is equivalent to a 75^th percentile offer?

Quizplus · Accepted Answer

The Answer of A luxury apartment complex in South Beach Miami is for sale. The owner has received the following offers in millions of dollars. (See the Excel Data File.) A) What is the mean offer price? What is the median offer price? Is the mean a good measure of central location? B) What is the sample standard deviation of the offers? C) What is equivalent to a 75^th percentile offer?

A Luxury Apartment Complex in South Beach Miami Is for Sale