MATH201 -Far from Average Assignment- Felice White
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School
Bryant and Stratton College, Buffalo *
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Course
201
Subject
Mathematics
Date
Jun 2, 2024
Type
xlsx
Pages
8
Uploaded by DoctorWaterAlpaca37
Far from A
Home
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MATH201 Far from Averag
You've decided to take the leap and buy a home! Go t
State. Choose a minimum home price. Enter a maximum
minimum home price. Search for fifteen 'For Sale' home
belo
16
Calculate the value
Show your w
Mean for your dat
Median for your d
Mode for your dat
Range for your da
94,999-5
Mean for your dat
Median for your d
Mode for your dat
Range for your da
Mean for your dat
Median for your d
Mode for your dat
Range for your da
89,500+80,000+94,900+87,000+74,900+89,500+59
99+74,000+92,00
55,000, 59,900, 74,000, 74,900, 80,000, 80,000, 85,0
94,900, 55,000, 59,900, 74,000, 74,900, 80,000, 80,000, 85,0
94,900, Verify the statistics you computed above
Click on the video link for additional help: https://youtu.be/Da_RzJvdTmc
Now suppose you inherit a $1,000,000 home from a long
the mean, median, mode and range us
Review the sixteen home prices and determine if there
are, in at least 200 words, explain how they impact t
After conducting a thorough investigation of the sixteen home
the range of most of the data. These data points, also know
measures used to describe the central tendency and variability
was observed that the resulting numbers did not match the pre
homes, with the minimum value being 50,000 and the maxim
resulted in an increase in the mean value to over 100,000, whic
the data added has a higher value compared to the initial g
945,000, indicating that the new data was more varied than th
no outlier that affected the median or mode, and they rem
significantly affected the mean value, indicating that the new homes. The range of values also increased, but there was no
In at least 150 words, explain which statistic (mean, m
center for the price of a hou
In statistics, measures of central tendency are used to describe
three commonly used measures of central tendency are the m
of all prices divided by the total number of houses. In this ca
middle value in a dataset when the values are arranged in or
price is $87,250, which indicates that half of the houses are pric
it. The mode is the most frequently occurring value in a data
means that this is the price that occurs most frequently in the d
mode is the best measure of center for house price. The mo
dataset, whereas the mean is affected by outliers and the me
provides a more accurate representation
In at least 150 words, describe the value of understandi
purchases such as land, cars, etc. Explain how thi
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