Question
A recent house sold for $200,000 in your neighborhood. Knowing the average selling price for a house in your neighborhood is $150,000 and the standard
A recent house sold for $200,000 in your neighborhood. Knowing the average selling price for a house in your neighborhood is $150,000 and the standard deviation of $25,000. Do agree that the recently sold house was overpriced compared to other homes sold in your neighborhood?
Group of answer choices
Yes, the recently sold house was greater than the average price
Cant be determined with the given information
No, the recently sold house was within the expected empirical range
Yes, the recently sold house was less than the average price
2.
For two variables, a positive correlation coefficient indicates
Group of answer choices
a linear relationship exists for which one variable increases as the other also increases
a nonlinear relationship with no linear correlation between the two variables
a linear relationship exists for one variable that increases while the other decreases
that the two variables have no linear relationship with each other
3.
According to the empirical rules of standard deviation in statistics, approximately 68% of the observations will fall within one standard deviations of the mean
Group of answer choices
True
False
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