You are a member of your local apartment association. The association represents

Question

You are a member of your local apartment association. The association
represents rental housing owners and managers who operate residential rental
property throughout the greater metropolitan rea. Recently, the association has
received several complaints from tenants in a particular area of the city who feel
their monthly rental fees are much higher compared to other parts of the city.

1. (a) How would you investigate the complaints from renters who are
unhappy about their monthly rent?
(b) Which statistical measure do you think would best represent the data
sets for the four areas of the city?
(c) Calculate the measure from part (b) for each of the four areas.
2. (a) What type of graph would you choose to display the data?
(b) Construct the graph from part (a).
(c) Based on your data displays, does it appear that the monthly rent in
Area A are higher than the rents in the other areas of the city? Explain.
3.(a) What other statistical measures in this chapter could you use to
analyze the monthly rent data?
(b) Calculate the measures from part (a).
(c) Compare the measures from part (b) with the graph you constructed in
Exercise 2. Do the measurements support your conclusion in Exercise
2? Explain.
4. (a) Do you think the complaints in Area A are legitimate? How do you
think they should be addressed?
(b) What reasons might you give as to why the rents vary among different
areas of the city?

amenities. The Monthly Rents (in dollars) Paid by 12 Randomly Selected Apartment Tenants in 4 Area of Your City Area B Area C Area D Area A 928 1096 862 735 798 812 1232 1036 998 914 1085 827 1124 954 815 1078 843 1275 1110 975 862 1040 997 793 1170 919 943 756 765 809 1020 710 775 745 7961119 816 938 908 890 951055 1005 930 1082 750 703 860 975 Highest Monthly Rents Average Per City $2,922 New York, NY San Francisco, CA $1,904 Boston, MA San Jose, CA $1,658 $1,612 Los Angeles, CA |$1,452

Explanation / Answer

Q1a

Collect rent data from the complaining area and also from 3 or 4 other regions which are similar to the complaining area in other aspects like area, social level, public amenities etc.

Q1b

Given the rent data from the complaining area (A) and also from 3 other regions (B. C, D), the average rent paid would be an appropriate statistical measure to compare.

Q1c

Using the given data, the mean (average) rent paid by the tenants in the given 4 areas are as follows:

Area

A

B

C

D

Average rent ($)

945.5

881.0

887.0

1005.5

As is clear from the above table, Area A has a higher average than Area B and C, but a lower average than Area D. Thus, complaints from tenants from Area A cannot be tenable as it is. A more detailed analysis like ANOVA would lead to a meaningful decision.

Area

A

B

C

D

Average rent ($)

945.5

881.0

887.0

1005.5

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