3. Real Estate Prices The asking prices in thousands of dollars for 25 single family residences listed
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3. Real Estate Prices The asking prices in thousands of dollars for 25 single family residences listed in Riverside, CA in September 2017 follow
a. Locate the largest and smallest prices and use the range to approximate the standard deviation.
b. Calculate the sample mean x and the sample standard deviation s. Compare s with the approximation obtained in part a.
c. Find the percentage of prices that falls into the interval x 62s. Compare with the corresponding percentage given by the Empirical Rule.
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Related Book For
Introduction To Probability And Statistics
ISBN: 9780357114469
15th Edition
Authors: William Mendenhall Iii , Robert Beaver , Barbara Beaver
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