Exam-Style Problem

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June 2016 p63 q4
2516

The monthly rental prices, \(x\), for 9 apartments in a certain city are listed and are summarised as follows.

\(\Sigma(x-c) = 1845\)

\(\Sigma(x-c)^2 = 477450\)

The mean monthly rental price is $2205.

  1. Find the value of the constant \(c\). [2]
  2. Find the variance of these values of \(x\). [2]
  3. Another apartment is added to the list. The mean monthly rental price is now $2120.50. Find the rental price of this additional apartment. [2]
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