Question
Assume the average selling price for houses in a certain county is $279,000 with a standard deviation of $36,000. a) Determine the coefficient of variation.
Assume the average selling price for houses in a certain county is
$279,000
with a standard deviation of
$36,000.
a) Determine the coefficient of variation.b) Caculate the z-score for a house that sells for
$296,000.
c) Using the Empirical Rule, determine the range of prices that includes
68%
of the homes around the mean.d) Using Chebychev's Theorem, determine the range of prices that includes at least
89%
of the homes around the mean.
a) Determine the coefficient of variation.
CV=
(Round to one decimal place as needed.)Part 2b) Calculate the z-score for a house that sells for
$296,000.
z=
(Round to two decimal places as needed.)Part 3c) Using the Empirical Rule, determine the range of prices that includes
68%
of the homes around the mean.
upperboundx= |
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