Question: Refer to the sample statistics from Exercise 5 and determine whether any of the house prices below are unusual. Explain your reasoning. (a) $225,000 (b)

Refer to the sample statistics from Exercise 5 and determine whether any of the house prices below are unusual. Explain your reasoning.

(a) $225,000

(b) $80,000

(c) $200,000

(d) $147,000

Data from Exercises 5

The mean price of new homes from a sample of houses is $$180,000$ with a standard deviation of $$15,000$. The data set has a bell-shaped distribution. Using the Empirical Rule, between what two prices do 95% of the houses fall?

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