# Question

Assume the average selling price for houses in a certain county is $ 325,000 with a standard deviation of $ 40,000.

a. Determine the coefficient of variation.

b. Calculate the z-score for a house that sells for $ 310,000.

c. Using the empirical rule, determine the range of prices that includes 95% of the homes around the mean.

d. Using Chebyshev’s Theorem, determine the range of prices that includes at least 94% of the homes around the mean.

a. Determine the coefficient of variation.

b. Calculate the z-score for a house that sells for $ 310,000.

c. Using the empirical rule, determine the range of prices that includes 95% of the homes around the mean.

d. Using Chebyshev’s Theorem, determine the range of prices that includes at least 94% of the homes around the mean.

## Answer to relevant Questions

The following data represent the number of touchdown passes per season thrown by the Benedict Arnold of the National Football League, Brett Favre (can you tell I’m a diehard Green Bay Packer fan?), during his first 18 ...Consider the following grouped sample data: Values Frequency 10 to under 30 ..... 26 30 to under 50 ...... 35 50 to under 70 ..... 51 70 to under 90 ...... 33 a. Calculate the approximate mean of these sample data. b. ...Consider the following data set: 71 40 45 67 5 15 43 37 13 10 Determine the percentile rank for the following values: a. 50 b. 30 c. 15 The following table shows the number of graduating students with business majors at Neumann University over the past 30 years in descending order: a. Construct a box and whisker plot for these data. b. Identify the five ...The following data represent the number of days homes were on the market before being sold in New Castle County, Delaware, in 2014: a. Calculate the mean. b. Calculate the median. c. Determine the mode. d. Which of these ...Post your question

0