43 Suppose the distribution of the prices of new homes built in the United States in 1996...
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43 Suppose the distribution of the prices of new homes built in the United States in 1996 was approximately bell-shaped, with a mean of $120.000 and a standard deviation of $40,000
a) Describe the distribution using properties of the standard deviation
b) If your new house was priced half a standard deviation above the mean in 1996. how much did it cost?
c) If the disunbution is not actually bell-shaped. what shape would you expect it to have? Why?
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Related Book For
Statistical Methods For The Social Sciences
ISBN: 9780135265260
3rd Edition
Authors: Alan Agresti, Barbara Finlay
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