Question

The data set below provides the monthly rent (in dollars) paid by 5 tenants.879, 920,940,950, 990Suppose the rent for one of the tenants changes from $940 to $1115.What is the mean before the rent changes?What is the mean after the rent changes?

Answer 1

Mean = (sum of all data )/ total number of variables( data)

• Mean before rent changes = ( 879+920+940+950+990) / 5

=4679/5

=$935.8

Mean after r