A real estate agent has gathered data on 150 houses that were recently sold in a suburban

Question:

A real estate agent has gathered data on 150 houses that were recently sold in a suburban community. Included in this data set are observations for each of the following variables: the appraised value of each house (in thousands of dollars), the selling price of each house (in thousands of dollars), the size of each house (in hundreds of square feet), and the number of bedrooms in each house. Refer to the file P2_7.XLS in answering the following questions.

a. Find the house(s) at the 80th percentile of all sample houses with respect to appraised value.

b. Find the house(s) at the 80th percentile of all sample houses with respect to selling price.

c. Find the maximum and minimum sizes (measured in square footage) of all sample houses. What is the typical number of bedrooms in a recently sold house in this suburban community?

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a The houses at the 80th percentile of all sample houses with respect to appraised value are the ...View the full answer

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