Refer to the Real Estate DataHalifax Area online, which reports information on home listings. a. Compute the
Question:
Refer to the Real Estate Data—Halifax Area online, which reports information on home listings.
a. Compute the mean and standard deviation of the distribution of the list prices for the homes. Assume this to be the population. Develop a histogram of the data. Would it seem reasonable from this histogram to conclude that the population of list prices follows a normal distribution?
b. Select a sample of 35 homes. Compute the mean of the sample. Determine the likelihood of finding a sample mean that is this large or larger from the population.
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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a Part of this answer is from Chapter 2 Descriptive statistics List Price coun...View the full answer
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Related Book For 
Basic Statistics For Business & Economics
ISBN: 9781259268939
6th Canadian Edition
Authors: Douglas A. Lind, William G Marchal, Samuel A. Wathen, Carol Ann Waite
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