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The amount of money that college students spend on rent each month is usually between $300 and $600. However, there are a few students who spend $1,300. What measure of spread would be most appropriate to measure the amount of money that college students spend on rent per month?

Amedian
Brange
Cstandard deviation
Dinterquartile range

Verified Answer :

W0lf93

The mean monthly rent and its standard deviation will be affected by the few students with a monthly rent of $1300. The mean would be significant without the outlliers.

To estimate or predict the expect rent of a student, it is best to choose the value from the middle. This gives a close estimate of the likely price of the rent without being affected by the extreme rent prices paid by few students.

Thus, we have interquartile range. It gives you a summary of the minimum, maximum, and average pricing from the data.

The answer is D.

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