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QUESTION 1 The sale prices of houses in a local community have an average of $210,000 and a median of $135,000. This means half of the houses are priced under $135,000. This means that there are a few really low-priced houses because the mean is so low. This means half of the houses are priced over $210,000. If you are buying a house in this community, you will pay $210,000 for the house. QUESTION 2 A production line is manufacturing ball bearings for engines. A particular run of bearings is supposed to have a diameter of 2". The average of the run is 2". Which one of the following standard deviations would indicate the best production? 0001" .001" 01" 0.1" QUESTION 3 When comparing regression models, the R2 with the value closest to 1 is usually best. True: False

QUESTION 1 The sale prices of houses in a local community have an average of $210,000 and a median of $135,000. This means half of the houses are priced under $135,000. This means that there are a few really low-priced houses because the mean is so low. This means half of the houses are priced over $210,000. If you are buying a house in this community, you will pay $210,000 for the house. QUESTION 2 A production line is manufacturing ball bearings for engines. A particular run of bearings is supposed to have a diameter of 2". The average of the run is 2". Which one of the following standard deviations would indicate the best production? 0001" .001" 01" 0.1" QUESTION 3 When comparing regression models, the R2 with the value closest to 1 is usually best. True: False

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 26PFA
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QUESTION 1 The sale prices of houses in a local community have an average of $210,000 and a median of $135,000. This means half of the houses are priced under $135,000. This means that there are a few really low-priced houses because the mean is so low. This means half of the houses are priced over $210,000. If you are buying a house in this community, you will pay $210,000 for the house. QUESTION 2 A production line is manufacturing ball bearings for engines. A particular run of bearings is supposed to have a diameter of 2". The average of the run is 2". Which one of the following standard deviations would indicate the best production? 0001" 001" 01" 0.1" QUESTION 3 When comparing regression models, the R2 with the value closest to 1 is usually best. True: False
Transcribed Image Text:QUESTION 1 The sale prices of houses in a local community have an average of $210,000 and a median of $135,000. This means half of the houses are priced under $135,000. This means that there are a few really low-priced houses because the mean is so low. This means half of the houses are priced over $210,000. If you are buying a house in this community, you will pay $210,000 for the house. QUESTION 2 A production line is manufacturing ball bearings for engines. A particular run of bearings is supposed to have a diameter of 2". The average of the run is 2". Which one of the following standard deviations would indicate the best production? 0001" 001" 01" 0.1" QUESTION 3 When comparing regression models, the R2 with the value closest to 1 is usually best. True: False
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