Question: .r--- 7, [8 points total. 4 points each] The average sale price of houses in Edmonton in February 2022 was $493,543. A total of 1,394

.r--- 7, [8 points total. 4 points each] The
.r--- 7, [8 points total. 4 points each] The average sale price of houses in Edmonton in February 2022 was $493,543. A total of 1,394 houses were sold. '7 a) Use Markov's' inequality to determine an upper bound on the number of houses sold for at least $1 million. . A b) Imagine now that you know 17 houses actually sold for at least $1 million. Use'Chebyshev's inequality to get a lower bound on the standard deviation of the housing prices. 5

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