Concept explainers
To identify the
Answer to Problem 93E
Mean = 276200 and median = 234200
Explanation of Solution
Given:
The mean and median price of houses is 276200 and 234200.
The distribution of prices of house are expected to be positively skewed because the must be some houses whose price is comparatively higher than the rest of the values. It indicates the tail of the distribution of house price is considerably larger towards the right side.
When the data positively skewed the value of mean is always greater than the median. Therefore, Mean = 276200 and Median = 234200.
Chapter 1 Solutions
PRACTICE OF STATISTICS F/AP EXAM
Additional Math Textbook Solutions
Fundamentals of Statistics (5th Edition)
Elementary Statistics Using Excel (6th Edition)
Essentials of Statistics, Books a la Carte Edition (5th Edition)
Elementary Statistics: Picturing the World (7th Edition)
Elementary Statistics (13th Edition)
- MATLAB: An Introduction with ApplicationsStatisticsISBN:9781119256830Author:Amos GilatPublisher:John Wiley & Sons IncProbability and Statistics for Engineering and th...StatisticsISBN:9781305251809Author:Jay L. DevorePublisher:Cengage LearningStatistics for The Behavioral Sciences (MindTap C...StatisticsISBN:9781305504912Author:Frederick J Gravetter, Larry B. WallnauPublisher:Cengage Learning
- Elementary Statistics: Picturing the World (7th E...StatisticsISBN:9780134683416Author:Ron Larson, Betsy FarberPublisher:PEARSONThe Basic Practice of StatisticsStatisticsISBN:9781319042578Author:David S. Moore, William I. Notz, Michael A. FlignerPublisher:W. H. FreemanIntroduction to the Practice of StatisticsStatisticsISBN:9781319013387Author:David S. Moore, George P. McCabe, Bruce A. CraigPublisher:W. H. Freeman