Question
2. Create a frequency table and histogram that relates to the number of locations (the y-axis variable) that have housing prices between dollar values (the
2. Create a frequency table and histogram that relates to the number of locations (the y-axis variable) that have housing prices between dollar values (the x-axis variable). For the x-axis values, group the housing prices into the following:? $200,000 to $300,000? $300,000 to $400,000? $400,000 to $500,000? $500,000 to $600,000? $600,000 to $700,0003. Using the frequency table values, determine the following:? Mean? Median? Mode? Standard Deviation4. Using the mean and standard deviation values that you determined in Instruction #3, design a normal distribution curve. The numbers you use in the design of the curve can be rounded to the nearest ten thousand.5. Select one location below the mean and determine the percentage of houses in these locations that are less expensive.6. Select one of the locations that is larger than the mean and determine the percentage of housing that is between this location and the mean.7. Answer the following questions:? Which of the measures of central tendency are most helpful for potential homeowners?? Are there any outliers in this data? If so, why do you think the data is/are outliers?? Are there other statistical data important for potential home buyers looking to move within the boundaries of Alberta?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
A First Course In Discrete Mathematics
Authors: John C Molluzzo, Fred Buckley
1st Edition
1478634383, 9781478634386
