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Assume the average selling price for houses in a certain county is ?$373,000 with a standard deviation of ?$53,000. ?a) Determine the coefficient of variation.
Assume the average selling price for houses in a certain county is
?$373,000
with a standard deviation of
?$53,000.
?a) Determine the coefficient of variation.?b) Caculate the? z-score for a house that sells for
?$355,000.
?c) Using the Empirical? Rule, determine the range of prices that includes
99.7?%
of the homes around the mean.?
d) Using? Chebychev's Theorem, determine the range of prices that includes at least
84?%
of the homes around the mean.
Assume the average selling price for houses in a certain county is $373,000 with a standard deviation of $53,000. a) Determine the coefficient of variation. b) Caculate the z-score for a house that sells for $355,000. 0) Using the Empirical Rule, determine the range of prices that includes 99.7% of the homes around the mean. d) Using Chebychev's Theorem, determine the range of prices that includes at least 84% of the homes around the meanStep by Step Solution
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