The 1057 houses described in Exercise 46 have a mean price of $167,900, with a standard deviation
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The 1057 houses described in Exercise 46 have a mean price of $167,900, with a standard deviation of $77,158. The mean living area is 1819 sq. ft., with a standard deviation of 663 sq. ft. Which is more unusual, a house in that market that sells for $400,000 or a house that has 4000 sq. ft of living area? Explain.
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Related Book For
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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