Question

While the housing market was in recession and was not likely to emerge anytime soon, real estate investment in college towns continued to promise good returns (The Wall Street Journal, September 24, 2010). Michele Gibellino worked for an investment firm in Michigan. Her assignment was to analyze the rental market in Ann Arbor, which is home to the University of Michigan. She gathered data on monthly rent for 2011 for a sample of 40 homes. The data is shown in the accompanying table.

Monthly Rent	Monthly Rent	Monthly Rent	Monthly Rent
645	905	1084	1518
675	929	1100	1600
760	960	1100	1635
800	975	1185	1635
820	990	1245	1650
850	995	1275	1750
855	1029	1275	1950
859	1039	1400	1975
900	1049	1450	2200
905	1050	1500	2400

Calculate Pearson's Coefficient of Skewness for this data. Please round your answer to 3 decimal places so that Blackboard will accept your answer. We normally do not round Pearson's Coefficient of Skewness, but Blackboard needs a very specific number or it counts the answer wrong. If you got .7642279 for your answer, you would type .764

Answer 1

i am using excel to find the mean ,median and standard deviation.

the excel output including the formula is:-

the Pearson's Coefficient of Skewness is :-

[ you can also use (mean - mode) , in spite of using 3(mean-median)..but here, there are 4 modes in the data set..so i have not used this formula ]

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