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

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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  book-img-for-question

Introduction To Probability And Statistics

ISBN: 9780357114469

15th Edition

Authors: William Mendenhall Iii , Robert Beaver , Barbara Beaver

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