Refer to the North Valley Real Estate data, which report information on homes sold during the last

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Refer to the North Valley Real Estate data, which report information on homes sold during the last year. For the variable price, select an appropriate class interval and organize the selling prices into a frequency distribution. Write a brief report summarizing your findings. Be sure to answer the following questions in your report.

a. Around what values of price do the data tend to cluster?

b. Based on the frequency distribution, what is the typical selling price in the first class? What is the typical selling price in the last class?

c. Draw a cumulative relative frequency distribution. Using this distribution, 50% of the homes sold for what price or less? Estimate the lower price of the top 10% of homes sold. About what percent of the homes sold for less than $300,000?

d. Refer to the variable bedrooms. Draw a bar chart showing the number of homes sold with two, three, four, or more bedrooms. Write a description of the distribution.

Data From North Valley Real Estate Data:

1970 2520 3150 1550 366350 B090 4080 3500 294357 2620 337144 2790 299730 2910 445740 4370 4200 $570 5050 3360 202598 2270 2830 2770 246820 2870 $910 793084 6800 1600 Peterson 392554 3970 263160 BO60 1900 2150 848420 7190 371956 3110 8290 2810 3830 1630 1850 2520 3220 B070 226054

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Statistical Techniques In Business And Economics

ISBN: 9781260239478

18th Edition

Authors: Douglas Lind, William Marchal, Samuel Wathen

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