Neighborhood A Neignbornood B Mean 1088.74 Mean Standard Error 7.061248 Standard

Question

Neighborhood A Neignbornood B Mean 1088.74 Mean Standard Error 7.061248 Standard Error 9.486309 Median Mode Standard Deviation Sample Variance 2493.061 Sample Variance 4499.502 Kurtosis Skewness Range Minimum Maximum 879 809 49.93056 Median Mode Standarod Deviation 1085 985 67.07833 1.21586 Kurtosis 0.158293 Skewness 170 809 979 44400 50 Range Minimum Maximum Sum Count -1.09174 0.144083 216 981 1197 54437 50 Sum Count Given the two neighborhood's description statistics above compute the Coefficient of Variation (round to 2 decimal places) Neighborhood A Neighborhood B Which neighborhood has more variable rent A or B

Explanation / Answer

For neighbourhood A

Coefficient of variation =sample standard deviation/mean*100

=49.93056/888*100

=5.62%

For neighbourhood B

Coefficient of variation(CV) =sample standard deviation/mean*100

=67.07833/1088.74*100

=6.16%

more cv means more risky

neighbour hood B has more variable renta s its CV is more compared to CV A

NEIGHBOURHOOD B

z score=X-MEAN/SD

for 1190

Z=1190-1088.74/67.07833

Z= 1.509578

Z=1.51(to decimals places)

Z=1.51

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