According to the U.S. Census Bureau, in 2011, the median sales price of new houses was $227,200,
Question:
a. Interpret the median sales price.
b. Interpret the mean sales price.
c. Discuss the shape of the distribution of the price of new houses.
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Step by Step Answer:
a Halfof the new houses were sold at a price no higher t...View the full answer
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Related Book For 
Statistics For Managers Using Microsoft Excel
ISBN: 772
7th Edition
Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat
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