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Assume the average selling price for houses in a certain county is $351,000with a standard deviation of $33,000. a) Determine the coefficient of variation. b)
Assume the average selling price for houses in a certain county is
$351,000with a standard deviation of $33,000. a) Determine the coefficient of variation.
b) Caculate the z-score for a house that sells for
$333,000.
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
80%
of the homes around the mean
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