Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Use the sample of house prices (in $1,000s) shown in the table below to answer the following questions: 400 600 550 400 800 350 950

Use the sample of house prices (in $1,000s) shown in the table below to answer the following questions:

400 600 550 400 800 350 950
500 250 800 2200 700 600 300

(a) What are the mean and median for this dataset? (1 mark)

(b) What is the standard deviation and range? (1 mark)

(c) Would you report the mean or the median house price for this data set? Why? (2 marks)

(d) Fill in the blank

A "---------------" is a single value that describes the central position within a set of data. (1 mark)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Applied Fluid Mechanics

Authors: Robert L. Mott, Joseph A. Untener

7th edition

978-0132558921

More Books

Students also viewed these Mathematics questions