Answer:
Step-by-step explanation:
Before: 545, 945, 970, 995 , 1015, 1030 , 1040 , 1124
Now: 905, 945, 970, 995 , 1015, 1030 , 1040 , 1124
a) Median stays same.
As number of data's is 8, median is the average of 4th and 5th term
Median = (995 + 1015)/2 = 2010/2 =
Median = 1005
When rent changes from $545 to $ 905, the 4th and 5th term remains same.
So, median stays same
b) Mean increases 45
Before: 545, 945, 970, 995 , 1015, 1030 , 1040 , 1124
Mean = Sum of rents ÷ 8
= (545 + 945+ 970+ 995 + 1015 +1030 + 1040 + 1124)/8
=7664/8
= 958
Now : 905, 945, 970, 995 , 1015, 1030 , 1040 , 1124
Mean = (905 + 945+ 970+ 995 + 1015 +1030 + 1040 + 1124)/8
= 8024/8
= 1003
Mean increases by 1003 - 958 = 45
