Question: According to the National Association of Home Builders the median
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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