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While analyzing data on prices of new houses in an area you find that the median sales price of a new house in a particular
While analyzing data on prices of new houses in an area you find that the median sales price of a new house in a particular period was $117,750, and the mean sales price was $141.200 a) Interpret the median sales price. b) Interpret the mean sales price. c) Discuss the shape of the distribution of the price of new houses a) trterpret the median sales price. Choose the correct answer below. A. Half of the prices for a new house were lower than $ 117,750, and the other half of the prices for a new house were larger than $ 117.750. B. Half of the prices for a new house were lower than or equal to 141,200, and the other halt the prices for a new house were larger than or equal to $ 282,400. C. Hall of the prices for a new house were lower than $ 141.200, and the other half of the prices for a new house were larger than $ 141.200. OD. Malf of the prices for a new house were lower than or equal to $ 117,750, and the other half the prices for a new house were larger than or equal to $ 117,750. b) Interpret the mean salon price. Choose the correct answer below. A The arithmetic average price for a new house is $117.750. B. The arithmetic average price for a new house is $ 141.200 C. The most common price for a new house is $117.750. D. The most common price for a new house is $ 141.200. c) Discuss the shape of the distribution of the price of new houses. Choose the correct answer below. O A. The shape of the distribution is a positive (right-skewed) shape. OB. The shape of the distribution is a negative (left-skewed) shape. OC. The shape of the distribution is symmetric (zero skewness) shape
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