Below are monthly rents paid by 30 students who live off campus.
 7007007009006705406601,000710590690625530710620630820885570590730660680470700770790810690685
 using Excel, find the mean, median, mode, and standard deviation. (Round your answers to 2 decimal places.)


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To calculate the mean, median, mode, and standard deviation using Excel, follow these steps:

### 1. **Mean (Average)**:
- Enter the 30 rents into a column (say A1:A30).
- In a new cell, use the formula:
  ```
  =AVERAGE(A1:A30)
  ```
- This will give the mean.

### 2. **Median**:
- In a new cell, use the formula:
  ```
  =MEDIAN(A1:A30)
  ```
- This will give the median.

### 3. **Mode**:
- To find the mode, use the formula:
  ```
  =MODE.SNGL(A1:A30)
  ```
- This will return the mode (most frequent rent).

### 4. **Standard Deviation**:
- To calculate the standard deviation, use the formula:
  ```
  =STDEV.S(A1:A30)
  ```
- This will give the standard deviation of the rents.

Now let's calculate each:

#### Dataset:
700, 700, 700, 900, 670, 540, 660, 1000, 710, 590, 690, 625, 530, 710, 620, 630, 820, 885, 570, 590, 730, 660, 680, 470, 700, 770, 790, 810, 690, 685

#### Results:
- **Mean** = 686.67
- **Median** = 690.00
- **Mode** = 700.00
- **Standard Deviation** = 126.48

### Draft Recap for Excel Formulas:
- Mean: `=AVERAGE(A1:A30)`
- Median: `=MEDIAN(A1:A30)`
- Mode: `=MODE.SNGL(A1:A30)`
- Standard Deviation: `=STDEV.S(A1:A30)`

Do you need any clarifications or further details?

---

Here are five follow-up questions:
1. How does the standard deviation affect the interpretation of rent distribution?
2. How does the median compare to the mean when analyzing skewed data?
3. What if there were two modes in the data set? How would Excel handle that?
4. Can you use Excel to plot a histogram of the rents? What insights could this provide?
5. How would removing outliers affect the mean and standard deviation?

**Tip**: Using `STDEV.P` instead of `STDEV.S` assumes you're calculating for a population instead of a sample.

Below are monthly rents paid by 30 students who live off campus. 700, 700, 700, 900, 670, 540, 660, 1,000, 710, 590, 690, 625, 530, 710, 620, 630, 820, 885, 570, 590, 730, 660, 680, 470, 700, 770, 790, 810, 690, 685. Using Excel, find the mean, median, mode, and standard deviation. (Round your answers to 2 decimal places.)

Learn how to calculate the mean, median, mode, and standard deviation for a dataset of 30 student rents ranging from $470 to $1,000 using Excel. Detailed step-by-step instructions and formulas provided. Suitable for Grades 10-12.

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