[Steps Shown] Refer to the Real Estate dataset, which reports information on homes sold in the Denver, Colorado, area during the last year. The mean selling


Question: Refer to the Real Estate dataset, which reports information on homes sold in the Denver, Colorado, area during the last year.

  1. The mean selling price (in \$ thousands) of the homes was computed earlier to be $221.10, with a standard deviation of $47.11. Use the normal distribution to estimate the percent of homes selling for more than $280.0. Compare this to the actual results. Does the normal distribution yield a good approximation of the actual results?
  2. The mean distance from the center of the city is 14.629 miles with a standard deviation of 4.874 miles. Use the normal distribution to estimate the number of homes 18 or more miles but less than 22 miles from the center of the city. Compare this to the actual results. Does the normal distribution yield a good approximation of the actual results?

Price: $2.99
Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document

log in to your account

Don't have a membership account?
REGISTER

reset password

Back to
log in

sign up

Back to
log in