According to the U.S. Census Bureau, the U.S. nationwide mean selling price of new homes sold in
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According to the U.S. Census Bureau, the U.S. nationwide mean selling price of new homes sold in 2014 was $345,800.Which of the following is the most plausible value for the standard deviation:
(i) −15,000, (ii) 1500, (iii) 15,000, (iv) 150,000, (v)
1,500,000?Why?
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