You are researching housing prices in a neighborhood of medi…

You are researching housing prices in a neighborhood of medium-sized older homes. Recently, a wealthy retiree moved into the neighborhood and built a massive new home. If you want a number that best reflects the representative home price in the neighborhood, would you choose the mean or the median price?  Pick one and explain/justify your choice.

An online retailer wants to know how many times its customer…

An online retailer wants to know how many times its customers visit its website each month. The company hires you to construct a frequency distribution showing monthly site visits by customers. The retailer suggests the set of classes below for your frequency distribution. Before you even begin to collect customer data on site visits, briefly explain the TWO most serious problems with the proposed set of classes for your frequency distribution.   Monthly Website Visits 0-5 5-10 10-15 15-20  

The table below contains monthly revenues for a pinball arca…

The table below contains monthly revenues for a pinball arcade by machine. Use the data in this table to answer the following question.   Find the 75th percentile for pinball revenue. Please show your work and your final answer in the text/response box below.