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Refer to the real estate data. Compute the mean and standard deviation of the distribution of home selling prices. Develop a histogram of the data.
Refer to the real estate data. Compute the mean and standard deviation of the distribution of home selling prices. Develop a histogram of the data. (SPSS: Graphs - Graphboard Template Chooser - Select Price, then Histogram with Normal Distribution). (Minitab: Graph - Histogram - With Fit - Graph variable = Price). Would it seem reasonable from this histogram to conclude that the population of selling prices follows the normal distribution?
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