A city planner is comparing housing prices in two neighbourhoods, Eastside and Westside, to decide where to invest in affordable housing programmes.
Prices (thousands of dollars):
Eastside: 210, 215, 220, 225, 230, 235, 240, 245, 250, 255, 260, 265, 270, 275, 280
Westside: 180, 190, 200, 210, 220, 230, 240, 250, 260, 270, 280, 290, 300, 310, 320
aCalculate the five-number summary (minimum, Q1, median, Q3, maximum) for each neighbourhood. [2] bCalculate the interquartile range (IQR) and range for each neighbourhood. [2]
cConstruct box-and-whisker plots for both neighbourhoods on the same scale. [1]
dThe city planner states: "Eastside is the better target for affordable housing investment because its prices are more consistent." Advise the city planner whether the measures of spread support this conclusion, and identify one limitation of relying solely on IQR and range for this decision. [1]