Real estate, part 2. The 1057 houses described in Exercise 42 have a mean price of $167,900,
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Real estate, part 2.
The 1057 houses described in Exercise 42 have a mean price of $167,900, with a standard deviation of $77,158. The mean living area is 1819 sq. ft., with a standard deviation of 663 sq. ft. Which is more unusual, a house in that market that sells for $400,000 or a house that has 4000 sq. ft of living area? Explain.
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Related Book For
Business Statistics
ISBN: 9780321716095
2nd Edition
Authors: Norean D. Sharpe, Paul F. Velleman, David Bock, Norean Radke Sharpe
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