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Assume the average selling price for houses in a certain county is $ 363 comma 000 363,000 with a standard deviation of $ 45 comma
Assume the average selling price for houses in a certain county is $363 comma 000
363,000 with a standard deviation of $45 comma 000
45,000.
a) Determine the coefficient of variation.
b) Caculate thez-score for a house that sells for $346 comma 000
346,000.
c) Using the EmpiricalRule, determine the range of prices that includes 99.7
99.7% of the homes around the mean.
d) UsingChebychev's Theorem, determine the range of prices that includes at least 89
89% of the homes around the mean.
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