The First City Real Estate Company managing partner asked the office administrator to provide a descriptive analysis
Question:
The First City Real Estate Company managing partner asked the office administrator to provide a descriptive analysis of the asking prices of the homes the company currently has listed. This list includes 319 homes; the price data, along with other home characteristics, are included in the data file called First City Real Estate.
These data constitute a population.
a. Compute the mean listing price.
b. Compute the median listing price.
c. Compute the range in listing prices.
d. Compute the standard deviation in listing prices.
e. Write a short report using the statistics computed in parts a–d to describe the prices of the homes currently listed by First City Real Estate.
Step by Step Answer:
Business Statistics
ISBN: 9781292220383
10th Global Edition
Authors: David Groebner, Patrick Shannon, Phillip Fry