Refer to the sample statistics from Exercise 5 and determine whether any of the house prices below
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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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Related Book For
Elementary Statistics Picturing The World
ISBN: 9781292260464
7th Global Edition
Authors: Betsy Farber, Ron Larson
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