The local regional development agency is conducting a major review of the economic development of a local community. One economic measure to be collected is the local house prices that reflect on the...

The local regional development agency is conducting a major review of the economic development of a local community. One economic measure to be collected is the local house prices that reflect on the economic well-being of this community. The

development agency have collected the following house price data (£) as presented in Table 2.22.

(a) Calculate a five-number summary

(b) Do we have any evidence for a symmetric distribution?

(c) Use the Excel Analysis-Tool Pak to calculate descriptive statistics.

(d) Which measures would you use to provide a measure of average and spread?