Question: Refer to the real estate data, which report information on homes sold in the Denver, Colorado, area last year, select the variable selling price.

a) Develop a box plot. Estimate the first and the third quartiles. Are there any outliers?

b) Develop a scatter diagram with price on the vertical axis and the size of the home on the horizontal. Does there seem to be a relationship between these variables? Is the relationship direct or inverse?

c) Develop a scatter diagram with price on the vertical axis and distance from the center of the city on the horizontal axis. Does there seem to be a relationship between these variables? Is the relationship direct or inverse?