Question

Hello I think I have this right but usually mess this type of question up

Answer 1

Solution:

Given the rents for five apartmnts as;

$\text{ \ 690, \ 690, \ 760, \ 1600, \ 850}$

It is observed that the data has an outlier ($1600).

Thus, the median is usually preferred in these situations because the value of the mean can be distorted by the outliers.

CORRECT OPTION: The median best describes the rents because most of the rents were near $760