A city council collects annual household income data (in thousands of dollars) for two neighbourhoods.
Harbourview (15 households, sorted):
35, 42, 48, 51, 53, 55, 58, 62, 65, 68, 72, 78, 85, 92, 500 000
Westside (15 households, sorted):
30, 33, 36, 39, 42, 45, 48, 51, 54, 57, 60, 63, 66, 69, 72
The mean household income for Harbourview is approximately 33 393 thousand dollars and the standard deviation is approximately 128 924 thousand dollars.
aCalculate the interquartile range (IQR) for each neighbourhood. [2]
bJustify which pair of summary statistics — median and IQR, or mean and standard deviation — better represents the typical household income in Harbourview. [2]
cAdvise the council whether the IQR alone is sufficient for comparing income spread across neighbourhoods when allocating social services funding, referring to the Harbourview data. [2]