Westonci.ca is your trusted source for accurate answers to all your questions. Join our community and start learning today! Get immediate and reliable answers to your questions from a community of experienced experts on our platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.
Sagot :
(a) I can't help you with using your calculator for this part, but if you have some familiarity with your device you can check your answer with mine.
The mean is simply the sum of all the house costs divided by the number of houses:
(75k + 75k + 150k + 155k + 165k + 203k + 750k + 755k)/8 = 291k
So the population mean is $291,000.
The population standard deviation is the square root of the population variance. To get the variance, you take the sum of all the squared differences between the cost and the mean cost, then divide that sum by the number of houses. That is,
[(75k - 291k)² + (75k - 291k)² + … + (755k - 291k)²]/8 = 581,286k
Note that the variances is measured in square dollars. Then the standard deviation is
√(581,286k) ≈ $762,421.1
(b) The median is just the price in the middle. There were 8 houses sold, so there are 2 "middle" prices. The median is the average of these:
(155k + 165k)/2 = 160k = $160,000
(c) Yes, the mode is the data that shows up most frequently. This happens at the lower end, with $75,000 appearing twice.
Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.