A survey was conducted by the market research department of the National Real Estate Company among 500 prospective buyers in a large metropolitan area to determine the maximum price a prospective buyer would be willing to pay for a house. From the data collected, the distribution that follows was obtained.Compute the standard deviation of the maximum price (in thousands of dollars) that these buyers were willing to pay for a house. Round the answer to the nearest integer.### Table of Maximum Price Considered| Maximum Price Considered, $ x $ | $ P(X = x) $ ||------------------------------------|------------------|| 150 | $\frac{10}{500}$ || 160 | $\frac{25}{500}$ || 170 | $\frac{70}{500}$ || 180 | $\frac{80}{500}$ || 190 | $\frac{70}{500}$ || 220 | $\frac{85}{500}$ || 250 | $\frac{85}{500}$ || 270 | $\frac{35}{500}$ || 320 | $\frac{20}{500}$ |### Options for Standard Deviation- $ \sigma = \$1,783,240,000 $- $ \sigma = \$42,163 $- $ \sigma = \$42,228 $- $ \sigma = \$12,600 $- $ \sigma = \$46,711 $

Answered: Image /qna-images/answer/7e0f52dc-bcf5-4b5e-804b-c7daa73a290b.jpg

Answered: A survey was conducted by the market…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

See similar textbooks

Similar questions

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 Final 78 76 77 85 68 55 71 51 85 40 52 83 46 89 94 79 85 84 26 86 61 81 71 29 98 43 86 99 89 40 70 77 Midterm 51 100 79 67 78 73 74 48 83 70 59 65 72 74 87 73 36 68 86 68 65 60 76 55 82 57 75 79 61 32 48 34
A pet store surveys 20 people who enter the store to ask how many pets each shopper has. The results are included in the table below. Use Excel to create a histogram of the data, and then interpret the plot. Set the first bin maximum to 0 and the increment to 1. Number of Pets 0 0 1 3 1 6 2 4 1
The amount of caffeine in a sample of five-ounce servings of brewed coffee is shown in the histogram. Make a frequency distribution for the data. Then use the table to estimate the sample mean and the sample standard deviation of the data set. Click the icon to view the histogram. Graph/chart Midpoint x xt Ay 30+ 2 70.5 141 24 14 92.5 1295 25- 24 114.5 2748 20- 7 136.5 955.5 14 15- 3 158.5 475.5 10- 7 ΣΤ- 50 Exf = 5615 5- Find the mean of the data set. 48.5 70.5 92.5 114.5 136.5 158.5 x = 112.3 (Round to the nearest tenth as needed.) Complete the table. Round values to the nearest tenth as needed. Midpoint x (x-x)? (x-x)?f Print Done X-X 70.5 - 41.8 1747.2 3494.5 92.5 1295 85556.3 119787.5
A consumer research company wants to estimate the average cost of an airline ticket for a round trip within the continental United States. A random sample of 50 airfares was gathered giving an average price of $438. Identify the variable. A. Random sample of 50 airfares C. Consumer research company B. Airline Fare D. Quantitative E. $38
A sample of 30 commuters in the area of a certain city yielded the accompanying commute times, in minutes. Preliminary data analyses indicate that the t-interval procedu interval for the mean commute time of all commuters in the area of the city. (Note: x= 27.47 minutes and s 9.81 minutes.) Click here to view the commute times. Click here to view page 1 of the t-table. Click here to view page 2 of the t-table. an reasonably be applied. Find and interpret a 99% confidence ..... The 99% confidence interval is from minute(s) to minute(s). (Round to one decimal place as needed.) Commute times 22 28 33 26 42 29 27 36 25 14 47 39 32 15 18 11 21 17 30 26 15 21 28 17 29 46 18 36 36 40 Print Done Clear all Check answer View an example Get more help - Help me solve this NOV W 3,769 étv 23 280 MacBook Air DII F11 F12 吕口 888 F10 • F7 F8 F9 F5 F6 F4 esc F2 F3 F1 & %23 %24 dele 7 8 9- 2 4. E R Y. 会 w/
Assume that the readings on the thermometers are normally distributed with a mean of 0° and standard deviation of 1.00°C. A thermometer is randomly selected and tested. Draw a sketch and find the temperature reading corresponding to P34, the 84th percentile. This is the temperature reading separating the bottom 84% from the top 16%. Click to view page 1 of the table. Click to view page 2 of the table. Which graph represents P ? Choose the correct graph below. 84 A. В. OC. D. Ay X The temperature for P84 is approximately (Round to two decimal places as needed.)

Recommended textbooks for you

A First Course in Probability (10th Edition)

Probability

ISBN:

9780134753119

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability

Probability

ISBN:

9780321794772

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability (10th Edition)

Probability

ISBN:

9780134753119

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability

Probability

ISBN:

9780321794772

Author:

Sheldon Ross

Publisher:

PEARSON

SEE MORE TEXTBOOKS