A real estate agent used the mean and MAD to argue that the home prices of Cinnamon Court were lower and more variable than thos

Question

gavmur [86]

2 years ago

11

A real estate agent used the mean and MAD to argue that the home prices of Cinnamon Court were lower and more variable than thos

e of Pepper Hill Road. How would her argument differ if she used the median and IQR? Explain.

Mathematics

2 answers:

brilliants [131] · Answer 1 · 2022-05-15T14:05:05+03:00

brilliants [131]2 years ago

4 0

It would bet hree less than the regular answer that qualitfies to the mean a nd MAD.

ella [17] · Answer 2 · 2022-05-15T16:24:23+03:00

The median and IQR are better statistical measures when a data set has outliers. Using the median, you can infer that the home prices for Cinnamon Court are higher than those of Pepper Hill Road. Using the IQR you can infer that home prices on Cinnamon Court are less variable than on Pepper Hill.