The accompanying table shows a portion of median house values for the 50 states as reported by
Question:
The accompanying table shows a portion of median house values for the 50 states as reported by the U.S. Census Bureau in 2010. The entire data set, labeled Census, can be found on the text website.
State ..... House Value
Alabama ....$117,600
Alaska ......... 229,100
: :
Wyoming ... 174,000
a. Construct a frequency distribution and histogram for the median house values. Use six classes with upper limits of $100,000, $200,000, etc.
b. Is the distribution symmetric? If not, is it positively or negatively skewed?
c. Which class interval had the highest frequency?
d. What percentage of the states had median house values between $300,000 and $400,000?
e. How many of the states had median house values less than $300,000?
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Step by Step Answer:
Essentials Of Business Statistics Communicating With Numbers
ISBN: 9780078020544
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly