The high costs in the California real estate market have caused families who cannot afford to buy
Question:
a. What is the z-score for a backyard structure costing $2300?
b. What is the z-score for a backyard structure costing $4900?
c. Interpret the z-scores in parts (a) and (b). Comment on whether either should be considered an outlier.
d. The Newsweek article described a backyard shed-office combination built in Albany, California, for $13,000. Should this structure be considered an outlier? Explain.
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Related Book For
Statistics For Business And Economics
ISBN: 9780538481649
11th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
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