The First City Real Estate Company managing partner asked the office administrator to provide a descriptive analysis

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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.

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Business Statistics

ISBN: 9781292220383

10th Global Edition

Authors: David Groebner, Patrick Shannon, Phillip Fry

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