Fire sale. A real estate agent notices that houses with fireplaces often fetch a premium in the

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Fire sale. A real estate agent notices that houses with fireplaces often fetch a premium in the market and wants to assess the difference in sales price of 60 homes that recently sold. The data and summary are shown in the table.

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Write a report summarizing the findings of the investigation.
Include appropriate visual and verbal displays of the distributions, and make a recommendation to the agent about the average premium that a fireplace is worth in this market.

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Business Statistics

ISBN: 9780321716095

2nd Edition

Authors: Norean D. Sharpe, Paul F. Velleman, David Bock, Norean Radke Sharpe

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