Question

According to the National Association of Home Builders, the median selling price of new homes in the United States in January 2007 was $239,800. Which of the following is the most plausible value for the standard deviation: - + 15,000, + 1000, + 60,000, or + 1,000,000? Why? Explain what’s unrealistic about each of the other values.


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  • CreatedSeptember 11, 2015
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