Question: Each house listed on the multiple listing services (MLS) is assigned a sequential ID number. A recently hired real estate agent decided to examine the

Each house listed on the multiple listing services (MLS) is assigned a sequential ID number. A recently hired real estate agent decided to examine the MLS numbers in a recent random sample of homes for sale by one real estate agency in nearby towns. To begin the analysis, the agent produces the following histogram Of ID numbers.
a) What might account for the seen in the histogram?
b) What advice might you give the analyst about the appropriateness of this display?

14H 12 10 E 70440000 70500000 70560000 70620000 7068000 ID

Step by Step Solution

★★★★★

3.44 Rating (167 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a Even though MLS ID numbers are categorical ident... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

452-M-S-D-A (1460).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!

In a recent random sample of 1350 registered Democrats across the country, 525 of those surveyed expressed opposition to a government proposal to relax trade restrictions with Cuba. a. Use the sample...

Conduct online research of homes for sale in your area. What features do you believe would appeal to potential buyers? What efforts were made to attract potential buyers to these properties?

A real estate agent has collected a random sample of 75 houses that were recently sold in a suburban community. She is particularly interested in comparing the appraised value and recent selling...

=+65. Houses for sale. Each house listed on the multiple listing service (MLS) is assigned a sequential ID number. A recently hired real estate agent decided to examine the MLS numbers in a recent...

Houses for sale. Each house listed on the multiple listing service (MLS) is assigned a sequential ID number. A recently hired real estate agent decided to examine the MLS numbers in a recent random...

General Information Overview of the Exercise This exercise involves the sale of a house, agents, and electronic mail ("email"). The buyer and seller are physically distant from the property, and have...

Easton Realty Company Sam Easton started out as a real estate agent in Atlanta ten years ago. After working two years for a national real estate firm, he transferred to Dallas, Texas and worked for...

Find R'(0), where R(x) = x - 3x3 + 5x5 / 1 + 3x3 + 6x6 + 9x9

Differentiate between the push and pull systems of production. Is JIT a push or a pull system?

8. DJIA Stocks. The following stocks make up the Dow Jones Industrial Average. 1. 3M 11. Exxon Mobil 21. Microsoft 2. American Express 12. General Electric 22. Nike 3. Apple 13. Goldman Sachs 23....

The lure of spices during the medieval period wasn't driven merely by the desire to improve the taste of food (Europe produced saffron, thyme, bay leaves, oregano, and other spices for that). The...

In one midwestern city, the government has 14 repossessed houses, which are evaluated to be worth about the same. Ten of the houses are on the north side of town and the rest are on the west side. A...

The Public Citizen's Health Research Group studied the serious disciplinary actions that were taken during a recent year on nonfederal medical doctors in the United States. The national average was...

Problem : GPA ConverterIn the CSC 2 6 2 Course Outline, there is a Grade Table that shows the conversion from course grades in points to letter grades ( A , A - , B + , etc. ) and from letter grades...

Consider the following two assets: Asset A: expected return is 4% and standard deviation of return is 42% Asset B: expected return is 1.5% and standard deviation of return is 24% The correlation...

Northern Pacific Heating and Cooling Inc. has a 6-month backlog of orders for its patented solar heating system. To meet this demand, management plans to expand production capacity by 45% with a $5...