Real estate pricing. A study of a sample of 1057 houses in upstate New York reports the

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Real estate pricing. A study of a sample of 1057 houses in upstate New York reports the following percentages of houses falling into different Price and Size categories.

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a) Are these column, row, or total percentages? How do you know?

b) What percent of the highest priced houses were small?

c) From this table, can you determine what percent of all houses were in the low price category?

d) Among the lowest prices houses, what percent were small or medium small?

e) Write a few sentences describing the association between Price and Size.

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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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