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Q1) Following data are monthly rental prices for sample 10 unfurnished studio apartments in centre of Concord, New Hampshire, and sample of 10 unfurnished studio apartments in Charleston, West Virginia:

Concord

$955 $1,000 $985 $980 $940 $975 $965 $999 $1,247 $1,119

Charleston

$750 $775 $725 $705 $694 $725 $690 $745 $575 $800

a) For each set of data, calculate mean, median, mode, range, interquartile range, standard deviation, and coefficient of variation.

b) What conclusions can you outline about unfurnished studio apartments renting in Concord versus Charleston? Compare and contrast.

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