Question
The prices of 60 homes (in millions of Rand) in an upper class area of Johannesburg is presented in the grouped frequency distribution below. Price
The prices of 60 homes (in millions of Rand) in an upper class area of Johannesburg is presented in the grouped frequency distribution below.
| Price (R'000 000) | Number of Homes |
| 2.0<2.5 | 12 |
| 2.5<3.0 | 15 |
| 3.0<3.5 | 26 |
| 3.5<4.0 | 7 |
| 80 |
Question 1
What percentage of homes in this sample is more than R 3 million?
Calculate the estimated mean price. Show all details. ?
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Advanced Financial Accounting
Authors: Thomas H. Beechy, V. Umashanker Trivedi, Kenneth E. MacAulay
7th edition
132928930, 978-0132928939
