A real estate analyst finds more data from home sales as discussed in the example on...

 

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A real estate analyst finds more data from home sales as discussed in the example on page 106. Of 350 recent sales, the average price was S175,000 with a standard deviation of $55,000. The size of the houses (in square feet) averaged 2100 sq. ft. with a standard deviation of 650 sq. ft. Which is more unusual, a house in this town that costs $340,000, or a 5000 sq. ft. house? A real estate analyst finds more data from home sales as discussed in the example on page 106. Of 350 recent sales, the average price was S175,000 with a standard deviation of $55,000. The size of the houses (in square feet) averaged 2100 sq. ft. with a standard deviation of 650 sq. ft. Which is more unusual, a house in this town that costs $340,000, or a 5000 sq. ft. house?

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The average price is 175000The standard deviation is 5500a hous... View the full answer