The text website has a data file Houses that lists recent selling prices of 100 homes in
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The text website has a data file Houses that lists recent selling prices of 100 homes in Gainesville, Florida.
Software reports ¯y = $155, 331, s = $101, 262, and a five-number summary of minimum = $21, 000, Q1 =
$91, 875, median = $132,600, Q3 = $173, 875, and maximum
= $587,000.
(a) Does the Empirical Rule apply to this distribution?
Why?
(b) What do these values suggest about the shape of the distribution?Why?
(c) Use the 1.5(IQR) criterion to determine if any outliers are present.
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