Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A real estate major collected information on some recent local home sales. The first 6 lines of the database appear in the accompanying table. The

image text in transcribed
image text in transcribed
A real estate major collected information on some recent local home sales. The first 6 lines of the database appear in the accompanying table. The columns correspond to the house identification number, the community name, the zip code, the number of acres of the property, the year the house was built, the market value, and the size of the living area (in square feet). Do the data appear to have come from a designed survey or experiment? What concerns might you have about drawing conclusions from this data set? Click the icon to view the data table. - X Local home sales Do the data appear to have come from a designed survey or experiment? O A. It is not clear if the data were obtained from an experiment. They are certainly not from a survey. House_ID Neighborhood Mail_Zip Acres Yr_Built Full_Market_Value SFLA O B. It is not clear if the data were obtained from a survey. They are certainly not from an experiment. 413400536 Greenfield Manor 12859 1.00 1962 00400 960 4128001474 Fort Amherst 12801 0.09 1961 132494 908 O C. The data were certainly not obtained from survey or an experiment. 412800344 Dublin 12309 1.69 1993 140000 1620 O D. It is not clear if the data were obtained from a survey or an experiment. 4128001552 Granite Springs 10598 0.33 1968 6710 900 412800352 Arcady 10562 2.29 1954 190000 1222 What concerns might you have about drawing conclusions from this data set? 413400322 Ormsbee 12859 9.19 1997 126900 1056 A. It is unknown who were participants in the experiment, so one should be cautious in drawing conclusions from these data about the housing market in general. O B. It is known that the sales are representative of all sales, so one should be cautious in drawing conclusions from these data about the housing market in general. O C. It is unknown if the sales are representative of all sales, so one should be cautious in drawing conclusions from these data about the housing market in general. Print Done O D. It is unknown what kind of survey was used, so one should be cautious in drawing conclusions from these data about the housing market in general

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Geometry And Analysis Of Fractals Hong Kong, December 2012

Authors: De Jun Feng, Ka Sing Lau

1st Edition

3662439204, 9783662439203

More Books

Students also viewed these Mathematics questions

Question

A greater tendency to create winwin situations.

Answered: 1 week ago