Assume the average selling price for houses in a certain county is $ 325,000 with a standard
Question:
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.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (15 reviews)
a b c x z x3250002 40000405000...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Statistics questions
-
The local community service funding organization in a certain county has classified the population into those who did not give the previous year, those who gave less than their "fair share," and...
-
For a sample with a standard deviation of s = 10, a score of X = 65 corresponds to z = 1.50. What is the sample mean?
-
For a distribution with a standard deviation of = 20, describe the location of each of the following z-scores in terms of its position relative to the mean. For example, z = 11.00 is a location that...
-
Suppose school records reveal that historically, 10 % of the students in Milton High School have dropped out of school. What is the probability that more than two students in a class of 30 will drop...
-
How and why would an advertiser measure efficiency according to CPM, CPA, and CPC?
-
Figure is a portion of the titanium-copper phase diagram for which only single-phase regions are labeled. Specify all temperature-composition points at which eutectics, eutectoids, peritectics, and...
-
Question: Colony Park Associates signed a contract to buy 44 acres of residential land from John Gall. The contract stated that closing would take place exactly one year later. The delay was to...
-
You are doing the audit of Phelps College, a private school with approximately 2,500 students. With your firm's consultation, they have instituted an IT system that separates the responsibilities of...
-
1. "Globalization has made cultural values irrelevant factors that do not influence multinational business or accounting." Do you agree or disagree with this assessment? Explain your answer. 2. One...
-
Open orbits an open orbit in monovalent tetragonal metal connects opposite faces of the boundary of a Brillouin zone. The faces are separated by G = 2 x 10 8 cm 1 . A magnetic field B = 10 3 gauss =...
-
The following data represent the number of minutes customers at Wendys had to wait in the drive through line before their order was taken. 1 4 6 0 4 3 10 0 4 Calculate the z-scores for the following...
-
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 Im a diehard Green Bay Packer fan?),...
-
Go to the St. Louis Federal Reserve FRED database and find the most recent values of the unemployment rate (UNRATE), the labor force participation rate (CIVPART), and the labor force (CLF16OV). Using...
-
1.You plan to make an investment. Given the following probability distribution of the returns, what is the expected return on the investment? If the standard deviation of the returns is $77,460, what...
-
Consider the following perpetual system merchandising transactions of Belton Company. Use a separate account for each receivable and payable; for example, record the sale on June 1 in Accounts...
-
Chip Company produces three products, Kin, Ike, and Bix. Each product uses the same direct material. Kin uses 3.7 pounds of the material, Ike uses 2.6 pounds of the material, and Bix uses 5.5 pounds...
-
a)write about "environmental justice". The debate topic "Is gentrification intrinsically bad?" Requirements for the reflections: recap this week's debate (150 words, maximum); your comment and...
-
As part of his retirement planning, Mr . Allen purchases an annuity that pays 6 % compounded annually. If the yearly payment is $ 3 , 0 0 0 , how much will Mr . Allen have saved in 6 years and how...
-
A scuba diver creates a spherical bubble with a radius of 2.5 cm at a depth of 30.0 m where the total pressure (including atmospheric pressure) is 4.00 atm. What is the radius of the bubble when it...
-
Explain how two samples can have the same mean but different standard deviations. Draw a bar graph that shows the two samples, their means an standard deviations as error bars. T S
-
In Example 5, you used 25 pairs of data to find \(r \approx 0.979\). Is the correlation coefficient significant? Use \(\alpha=0.05\). Data from Example 5 Use technology to calculate the correlation...
-
The Rathburn Manufacturing Company makes electric wiring, which it sells to contractors in the construction industry. Approximately 900 electric contractors purchase wire from Rathburn annually....
-
Kraft Foods successfully introduced DiGiorno Pizza into the marketplace in 1996, with first year sales of $120 million, followed by $200 million in sales in 1997. It was neither luck nor coincidence...
-
The following data represent the afternoon high temperatures for 50 construction days during a year in St. Louis. a. Construct a frequency distribution for the data using five class intervals. b....
-
X Your answer is incorrect. The density of mobile electrons in copper metal is 8.4 x 1028 m3. Suppose that i = 8.1 x 1018 electrons/s are drifting through a copper wire. (This is a typical value for...
-
Seismic design considerations include ___ bracing and other features to provide sufficient resistance to seismic motion. Group of answer choices torsional axial lateral vertical
-
How does a "pressure sandwich" work for smoke control? Group of answer choices The fire floor is held neutral and the floors above and below are exhausted to remove smoke. The fire floor is exhausted...
Study smarter with the SolutionInn App