14-15) Obtain the descriptive statistics for sale prices for homes without central air and with central air in the dataset. Provide the values below. Round the monetary values to the nearest cent. Without Central Air With Central Air Minimum sale price, in cells D45 and E45 $10,300.00 $5,000.00 Q1, in cells D46 and E46 $146,625.00 $161,000.00 Median, in cells D47 and E47 $188,000.00 $214,162.50 Mean, in cells D48 and E48 $206,614.00 $236,547.39 Q3, in cells D49 and E49 $250,000.00 $290,000.00 Maximum, in cells D50 and E50 $775,000.00 $775,000.00 n, sample size, in cells D51 and E51 1,728 1,728 16) Write a brief summary statement comparing the sale prices of homes with and without central air using the medians and the interquartile ranges as a general range of prices one would expect to pay for 'typical' homes in this region of upstate New York using the statements provided below. In cells D55 and D56, compare the estimated sale prices of homes with central air to homes without central air. Choose the correct answers from the drop-down menus. Homes with central air generally sell for about the same prices than homes without central air. This is indicated by comparing the similar home prices between homes with and without central air. Calculate the expected difference in median costs in cell E58. Keep the same number of decimal places as the values in step14 and step15. Given this data, one would estimate that homes with central air can be expected to cost about more than homes without central air. Identify the variability of prices using Q1 and Q3 for each data set in cells D60, F60, D61, and F61. Keep the same number of decimal places as the values in step14 and step15. The variability of prices for the typical home without central air ranges from about to as compared to to for homes with central air.

14-15) Obtain the descriptive statistics for sale prices for homes without central air and with central air in the dataset. Provide the values below. Round the monetary values to the nearest cent. Without Central Air With Central Air Minimum sale price, in cells D45 and E45 $10,300.00 $5,000.00 Q1, in cells D46 and E46 $146,625.00 $161,000.00 Median, in cells D47 and E47 $188,000.00 $214,162.50 Mean, in cells D48 and E48 $206,614.00 $236,547.39 Q3, in cells D49 and E49 $250,000.00 $290,000.00 Maximum, in cells D50 and E50 $775,000.00 $775,000.00 n, sample size, in cells D51 and E51 1,728 1,728 16) Write a brief summary statement comparing the sale prices of homes with and without central air using the medians and the interquartile ranges as a general range of prices one would expect to pay for 'typical' homes in this region of upstate New York using the statements provided below. In cells D55 and D56, compare the estimated sale prices of homes with central air to homes without central air. Choose the correct answers from the drop-down menus. Homes with central air generally sell for about the same prices than homes without central air. This is indicated by comparing the similar home prices between homes with and without central air. Calculate the expected difference in median costs in cell E58. Keep the same number of decimal places as the values in step14 and step15. Given this data, one would estimate that homes with central air can be expected to cost about more than homes without central air. Identify the variability of prices using Q1 and Q3 for each data set in cells D60, F60, D61, and F61. Keep the same number of decimal places as the values in step14 and step15. The variability of prices for the typical home without central air ranges from about to as compared to to for homes with central air.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Related questions

Question

14-15)	Obtain the descriptive statistics for sale prices for homes without central air and with central air in the dataset. Provide the values below. Round the monetary values to the nearest cent.
		Without Central Air	With Central Air
	Minimum sale price, in cells D45 and E45	$10,300.00	$5,000.00
	Q1, in cells D46 and E46	$146,625.00	$161,000.00
	Median, in cells D47 and E47	$188,000.00	$214,162.50
	Mean, in cells D48 and E48	$206,614.00	$236,547.39
	Q3, in cells D49 and E49	$250,000.00	$290,000.00
	Maximum, in cells D50 and E50	$775,000.00	$775,000.00
	n, sample size, in cells D51 and E51	1,728	1,728

16)	Write a brief summary statement comparing the sale prices of homes with and without central air using the medians and the interquartile ranges as a general range of prices one would expect to pay for 'typical' homes in this region of upstate New York using the statements provided below.
	In cells D55 and D56, compare the estimated sale prices of homes with central air to homes without central air. Choose the correct answers from the drop-down menus.
	Homes with central air generally sell for	about the same	prices than homes without central air.
	This is indicated by comparing the	similar	home prices between homes with and without central air.
	Calculate the expected difference in median costs in cell E58. Keep the same number of decimal places as the values in step14 and step15.
	Given this data, one would estimate that homes with central air can be expected to cost about		more than homes without central air.
	Identify the variability of prices using Q1 and Q3 for each data set in cells D60, F60, D61, and F61. Keep the same number of decimal places as the values in step14 and step15.
	The variability of prices for the typical home without central air ranges from about		to
	as compared to		to	for homes with central air.

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