You are a member of your local apartment association. The association represents rental housing owners and managers who operate residential rental property throughout the greater metropolitan area of your city. Recently, the association has received several complaints from tenants in a particular area of the city who feel that their monthly rental fees are much higher than the rental properties in another area of the city.
You decide to investigate the rental fees. Area A represents the area of the city where the tenants are unhappy about their monthly rents, and Area B represents the other area of the city. From each of the two areas, twelve apartments are randomly selected and the monthly rent for each apartment is recorded. Assume that all the apartments selected are approximately the same size with the same amenities.
Area A Rents: ,1135,1110,975,810,1040,980,998,908,890,880,860,920.
Area B Rents: 830,954,925,1140,870,945,720,1016,918,1082,845,1248.
1.Calculate and interpret the standard deviations for the two areas.
2.Anazlyze the means and standard deviations.