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Task 5 a) From the Descriptive Statistics table obtained in Task 4. identify two pieces of evidence that indicate whether your sample Sold Price data
Task 5 a) From the Descriptive Statistics table obtained in Task 4. identify two pieces of evidence that indicate whether your sample \"Sold Price" data has been obtained from a normally distributed population or not. \"What is your conclusion? Note: Make sure only one piece of evidence relates to the shape of the sample data. Descriptive Statistics Tab."e Sold Pace Mean 695.0?33 Standard Error 63.1?099 Median 521] Mode 445 Standard Deviation 423.?53'3 Sample 1|.ulariance 1?SE?5.8 Kurtosis 1i] . 1 MS Skewness 2.63295 Range 2513 Minimum 13-2 Maximum 2551] Sum 3138.3 Count 45 b) Regardless of your conclusion above. assume the \"Sold Price" population data is normally distributed. Applying standard Normal tables. calculate how many \"Sold Price\" properties in your sample would be expected to lie witlu'n 1.5 standard deviations of the mean tie. between 2: l .5. and Z: 1.51 c) Use the mean and standard deviation from the Descriptive Statistics table of TSli 4 {a} to calculate the bound for l.5 standard deviation spread from the mean. (Hint: To find the bound {K values) use the zscore formula J LT: :1) Using the "Sold Price" sample data. manually count the number of observations fall within the bound. State whether this count matches. approximately with your answer to part b and hence whether this result conrms {or not) your conclusion in part a
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