Question: Respond to this discussion board post,To avoid issues from outliers causing skew, my friend will need to use measures of dispersion. I will advise him

Respond to this discussion board post,To avoid issues from outliers causing skew, my friend will need to use measures of dispersion. I will advise him to use variance and standard deviation. Variance will let him know how far the different home prices he looks at are from the mean, while standard deviation will help him to determine where home prices fall in relation to the mean. Using Chebyshev's Theorem, he can know that 75% of the homes he looks at will fall within two standard deviations of the mean

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

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

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

I need to see the SPSS output. You need to have all z-scores, all charts, all descriptives data from SPSS, everything you used to answer the questions. I am sending you what the previous tutor sent...

Respond to this discussion board post y two measures of location would be the median sale price, and average days on the market of homes in the area they are searching. Ideally, we would break this...

SUMMARY this article for about 2 pages with single spacing. Thank you. ECONOMETRICS: MEASUREMENT I N ECONOMICS1 I As the first incumbent of a new Chair in this University, I thought that in this...

Five principles for research ethics Cover your bases with these ethical strategies This is for a Discussion board post What are your thoughts on this passage? Which one of the five ethics stood out...

I just want to ensure I am on the right track. The question I would like an answer to is "Should HT be assigned a going concern classification ? why or why not? Consider whether the amounts in...

UTS Business Statistics 26134 Report (Group Assignment) SPRING 2017 Assessment Value: This assignment is worth 20% It is be completed in: A GROUP OF 3, 4 or 5 STUDENTS Due times and dates: Due...

Describe the types of cybercrimes facing organizations and critical infrastructures, explain the motives of cybercriminals, and evaluate the financial Explain both low-tech and high-tech methods...

Please read first document and then answer the second document's questions. Please answer the questions about 3 pages and use paraphrasing. Do not copy the article. Thank you! Personal Reections on...

As mentioned in Chapter 1, the project on business combinations was the first of several joint projects undertaken with the FASB and the IASB in their move to converge standards globally....

Given the graph of y = f (x), draw graphs of these related functions. a. b. c. 1-f(x+IX

Think back on your expectancy to succeed. Did you expect to do well in the assessment? Why or why not? What could you have done differently to increase your expectancy of success?

Show that each of the following derivability claims holds in SD+. Prove using SD+ rules 1. (A V B), ~(A & C), ~BH (CD) 2. (((A V~A) & B) = B) 3. (B E (B & A)) (BDA) 4. (A E ~C), (A V ~C), BHA (((ADB)...

Design a minimum-mass symmetric three-bar truss (the area of member 1 and that of member 3 are the same) to support a load P, as was shown in Fig. 2.9. The following notation may be used: Pu = P cos...

Hedging with Futures Refer to Table 25.2 in the text to answer this question. Suppose today is March 7, 2006, and your fi rm produces breakfast cereal and needs 75,000 bushels of corn in May 2006 for...

Put and Call Payoffs Suppose a fi nancial manager buys call options on 50,000 barrels of oil with an exercise price of $35 per barrel. She simultaneously sells a put option on 50,000 barrels of oil...

Marking to Market You are short 25 gasoline futures contracts, established at an initial settle price of $1.52 per gallon, where each contract represents 42,000 gallons. Over the subsequent four...